Clik here to view.
LAN Airlines (Chile) Boeing 767-316 ER WL CC-CZW (msn 29227) (80 Years) JFK (Ken Petersen) (orders 3 more), originally uploaded by Airliners Gallery.
LAN Airlines (Chile) (Santiago) reported net income of $97.2 (US) million for first quarter 2011, an increase of 10.1% compared to the $88.3 (US) million reported in first quarter 2010.
This result is despite the consolidation of $11 (US) million losses generated in the Colombian operations of AIRES, and also reflects LAN’s successful management under the current scenario of increased fuel prices.
LAN Airlines paid $12.0 million for a 98.9% indirect stake in AIRES, Colombia’s second largest airline, in 2010.
LAN is also moving ahead with a merger with TAM. On April 20, 2011, the TDLC announced that a public hearing will take place on May 26, 2011 in which the interested parties, including LAN and TAM, may provide their opinion regarding the business combination.
Copyright Photo: Ken Petersen. Please click on the photo for additional information.
AIRES Colombia Slide Show: CLICK HERE
Filed under: AIRES, LAN Airlines, LAN Airlines (Chile) Tagged: AIRES, LAN Airlines, LAN Airlines (Chile) Image may be NSFW.
Clik here to view.
Image may be NSFW.Clik here to view.
