ADVFN - Advanced Financial Network.
HOME» NYSE » L » LFL Stock Price » LFL Stock News

Lan Airlines Share News

 Lan Airlines Sa Stock Price
LFL Stock Price
 Lan Airlines Sa Stock Chart
LFL Stock Chart
 Lan Airlines Sa Stock News
LFL Stock News
 Lan Airlines Sa Company Information
LFL Company Information
 Lan Airlines Sa Stock Trades
LFL Stock Trades

Boeing: Latin America Carriers To Need 2,500 Jets Over 20 Years

DOW JONES NEWSWIRES Latin America's airline sector will need nearly 2,500 airplanes over the next 20 years to continue its development, Van Rex Gallard, Boeing Co.'s (BA) vice president of sales for Latin America, Africa and the Caribbean, said Tuesday. The airline industry is key for economic growth in the region as it creates jobs, contributes to governments with several kinds of taxes, and is important for the development of Latin American countries, he added. The estimation of 2,500 aircraft for the next 20 years includes replacement and organic growth for the overall industry. Gallard estimated the average cost for each plane at $250 million. Gallard, who spoke on the sidelines of Santiago's Fidae International Air and Space Fair, said the delay in the delivery of the new Boeing 787 Dreamliner, on display at the fair, hasn't severely affected sales in the region. "We haven't been able to sell it the way we wanted, and we have caused problems to our clients that were ready for it. But the reason is that we are trying to make improvements in the airplane and avoid situations such as those that have affected other suppliers," Gallard said in reference to the problems experienced by Airbus 380. Airbus is a unit of European Aeronautic Defence & Space Co. (EADSY, EAD.FR). Chile's flagship carrier LAN Airlines SA (LFL, LAN.SN) has acquired 32 Dreamliners, while Mexico's Aeromexico purchased 12 and Central America's AviancaTaca Holding SA (PFAVTA.BO) bought seven. Boeing is also in talks with smaller Latin American carriers to update their current fleets with the new 737 Max unit. Gallard said he sees Latin America as one of the most-attractive regions for Boeing, not only considering the growth of its airline industry, but also because regional airlines are experiencing a healthy growth and are able to invest increasingly more resources. -By Cristina Molina, Dow Jones Newswires; 56-2-715-8949;

Stock News for Lan Airlines (LFL)
04/01/201508:02:31Copa Airlines: Finding Value In LatAM Airlines
03/27/201503:10:15Airlines introduce two-person cockpit rule
03/23/201516:09:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders...
03/18/201519:27:06Global airline ETF expected this spring
03/18/201510:16:35Report of Foreign Issuer (6-k)
03/18/201509:40:55More on LATAM Airlines' Q4
03/18/201506:17:07Lan Airlines S.A. misses on revenue
03/18/201506:04:08Report of Foreign Issuer (6-k)
03/17/201518:42:54LATAM Airlines Group reports operating income of US$267 million...
03/17/201516:39:30Report of Foreign Issuer (6-k)
03/16/201512:32:00INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors...
03/14/201505:00:00SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have...
03/13/201514:36:00TRADING ALERT: Rosen Law Firm Reminds LeapFrog Enterprises, Inc...
03/12/201514:10:00DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders Of...
03/03/201513:45:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
02/10/201510:32:00INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead...
02/04/201506:00:00SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have...
02/03/201515:07:00INVESTOR ALERT: Class Action Lawsuit Against LeapFrog Enterprises...

Lan Airlines and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations