LAN signs Memorandum of Understanding for 50 A320 Family aircraft

LAN signs Memorandum of Understanding for 50 A320 Family aircraft

LAN's Airbus orders to rise to over 150

20 July 2010 Press Release

LAN Airlines, one of Latin America's leading passenger and cargo airlines, announced today its intention to order 50 new eco-efficient Airbus A320 Family aircraft. The Memorandum of Understanding - signed today at the Farnborough International Airshow - will be the largest single airline order for Airbus in Latin America and brings LAN’s total Airbus orders to 152 aircraft.

The commitment includes 10 A321s, a new aircraft type for LAN. The airline’s request for incremental A320 Family aircraft is part of LAN’s growth strategy for Latin America. The aircraft will serve as new and replacement aircraft for both existing and new routes.

Ignacio Cueto, LAN Airlines' Chief Operating Officer, commented: “We confirm our commitment to the development of commercial aviation in Latin America, incorporating the best technology and offering our customers one of the world’s most modern fleets. We continue investing in order to contribute to the economic growth and social development of the countries in the region.”

“The LAN and Airbus partnership in Latin America has really prospered in the last 12 years. We are convinced that our benchmark aircraft will further advance LAN's leadership position in the region," said John Leahy, Airbus Chief Operating Officer, Customers. "We appreciate LAN’s strong and clear vote of confidence in Airbus and look forward to many more years of continued collaboration.

LAN placed a firm order for 30 single-aisle Airbus A320 Family aircraft in December 2009. The airline currently operates 58 Airbus aircraft.

With almost 500 aircraft sold and a record backlog of more than 200 aircraft to be delivered to its Latin American customers, today more than 370 Airbus aircraft are flying with 23 Latin American airline customers and operators, representing more than 40 percent of the fleet in service.

The A320 Family (A318, A319, A320 and A321) is recognised as the benchmark single-aisle aircraft family. With over 6,500 aircraft sold, and more than 4,300 aircraft delivered to some 310 customers and operators worldwide, the A320 Family is the world’s best-selling single-aisle aircraft family. With 99.7 per cent reliability and extended servicing periods, the A320 Family has the lowest operating costs of any single aisle aircraft. Uniquely, the A320 Family offers a containerized cargo system, which is compatible with the worldwide standard wide-body system.