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Since May 14, 2007, Lan Argentina S.A. ("Lan Argentina"), a
subsidiary of LAN Airlines S.A. ("LAN" or "the Company") (NYSE: LFL /
IPSA: LAN) is experiencing a strike by Argentine labor unions
representing pilots and technicians.
Lan Argentina issued the following press release on May 17, 2007:
"Lan Argentina continues discussions with the striking labor
unions and is dedicating all of its resources for a prompt resolution
to the conflict, which has affected its operations.
Lan Argentina apologizes for the inconveniences that may have been
suffered by passengers and has been particularly concerned with
transferring passengers to other flights within the LAN alliance and
other airlines. Lan Argentina is also providing for rescheduling of
flights, refunds and new issuance of airline tickets, while
negotiations continue.
Lan Argentina has indicated that it has respected all of its
obligations established by all collective bargaining agreements and
has been open to communication with the unions."
The strike has not affected the operations of LAN, Lan Peru or Lan
Ecuador, which are operating normally.
About LAN
LAN Airlines is one of the leading airlines in Latin America.
"LAN" makes reference to the consolidated entity that includes LAN
Airlines, LAN Express, LAN Peru, LAN Ecuador, and LAN Argentina, as
well as LAN Cargo and its affiliates. The LAN Alliance serves 15
destinations in Chile, 12 destinations in Peru, 10 destinations in
Argentina, two destinations in Ecuador, 15 destinations in other Latin
American countries and the Caribbean, three destinations in the United
States, two destinations in Europe and four destinations in the South
Pacific, as well as 52 additional international destinations through
its various code-share agreements. Currently, the LAN Alliance
operates 68 passenger aircraft and 10 dedicated freighters.
LAN Airlines is a member of oneworld (TM), the world's leading
global airline alliance. It has bilateral commercial agreements with
oneworld partners American Airlines, British Airways, Iberia and
Qantas, as well as with Alaska Airlines, AeroMexico, Mexicana, TAM,
Korean Air and JAL. For more information visit www.lan.com or
www.oneworldalliance.com.
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