AMERICAS: Five more freighters for LAN Cargo

With expectations that its cargo business will grow 20 per cent in 2010 and a further 13-15 per cent in 2011, LAN Cargo is leasing three B767-300Fs and purchasing two more B777 freighters. The first B767F arrived in November, a second will be delivered in December and the third in January 2011. The new B777 […]


With expectations that its cargo business will grow 20 per cent in 2010 and a further 13-15 per cent in 2011, LAN Cargo is leasing three B767-300Fs and purchasing two more B777 freighters. The first B767F arrived in November, a second will be delivered in December and the third in January 2011. The new B777 freighters will begin operations in the fourth quarter of 2012. By the end of 2012, LAN Cargo and its Mexican Mas Air and Brazilian Absa subsidiaries will operate ten B767-300F, four B777F and two leased B767-200 freighters. According to the company, the expanded fleet will allow Mas Air to increase traffic between Mexico and the US and Mexico and South America. LAN also has orders for 95 A320s and 26 B787-8 Dreamliners worth a total of US$7.7 billion. By 2018, the carrier will operate 176 aircraft. Citing a strong recovery in its cargo and passenger business, LAN Airlines reported net income of US$106.2 million in the third quarter 2010, an increase of 103.9 per cent compared to the same period a year ago. Total revenue for the period was $1.15 billion compared to $917.5 million in the third quarter of 2009. Cargo revenue increased 49.4 per cent in the third quarter and contributed 28 per cent of total airline revenue. LAN is currently in a merger process with Brazilian carrier TAM. When completed by mid-2012, the group will be one of the largest in the world.