LAN Cargo has presented a formal proposal to Colombian aviation authorities to launch a new cargo airline in the country and once approval is granted the carrier could begin operations within 12 months.
"Colombia is currently the largest air cargo market in Latin America in terms of exports to the US, with an estimated volume of 181,400 tonnes annually," LAN said in a statement. "The establishment of a subsidiary in Colombia will allow LAN Cargo to integrate the country into its broad network of routes within the region, also providing connectivity to the US and Europe."
LAN currently operates nine 767-300 freighters and also transports cargo in the bellies of its 72 passenger aircraft. LAN recently reported a 32.4 per cent jump in full year 2007 cargo revenue to US$338.1 million, comprising more than a third of total revenue. With a cargo network of 75 destinations worldwide, the carrier also owns and operates cargo affiliates in Brazil and Mexico.