LAN Airlines Signs Contract for 30 New Airbus 320s

LAN Airlines S.A. and its subsidiaries have announced that the company signed a contract for the purchase of 30 modern Airbus A320 family aircraft to be delivered between 2011 and 2016.

The new aircraft will operate flights within Latin America as well as domestic routes in Argentina, Peru, Ecuador and Chile and will be used for the renewal and growth of the company’s short haul fleet.

The order is valued at approximately $1.97 billion according to list prices. In addition to this purchase, LAN’s strategic fleet renewal plan involves the sale of five Airbus A318 aircraft in 2011.