LFL On Other Exchanges
New York
Sant. Comerc
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Avenida Américo Vespucio Sur No. 901

commune of Renca





nd Copa. Colombia The international operations in Colombia could be divided into two segments based on destination: to North America and to other countries in Latin America. Competition: As of January 31, 2015, the major competitors on direct routes between Colombia and North America included Avianca, American Airlines, JetBlue Airways, United Airlines, Delta Airlines and Aeromexico. On regional routes, the main competitors included Avianca and Copa. Ecuador The company’s Ecuadorian international operations could be divided into three main segments, based on the destination: to North America, to Europe and to other countries in Latin America. Competition: As of January 31, 2016, the company’s main competitors on direct routes between Ecuador and North America included American Airlines, Tame, Delta Airlines, United Airlines and Aeromexico. On routes to Europe, its major competitors included KLM and Iberia. On regional routes, the company’s main competitors included Copa, Tame, Aerogal and Avianca. Domestic Passenger Operations As of December 31, 2015, domestic passenger services were operated by LAN Airlines S.A. (LAN), TAM S.A. (TAM), LAN Perú S.A. (LAN Peru), Líneas Aéreas Nacionales del Ecuador S.A. (LAN Ecuador), LAN Argentina S.A. (LAN Argentina) and Aerovías de Integración Regional, Aires S.A. (LAN Colombia). Operations within Brazil: As of December 31, 2015, TAM Linhas Aereas S.A. operates flights to 46 destinations within Brazil, as well as some seasonal destinations, with an average fleet of 119 aircraft of the Airbus A320-Family, including 27 Airbus A321 aircraft. Competition: During 2015, TAM’s main competitors in the domestic market were Gol, Azul and Avianca Brazil. Operations within Chile: During 2015, the company flew to 15 destinations within Chile (including Santiago, but not including Easter Island, which it considers an international destination because the company serves it with long-haul aircraft), as well as some seasonal destinations, with an average fleet of 27 Airbus A320-Family aircraft, including 5 Airbus A321s. Competition: During 2015, the company’s main competitors in the domestic market were Sky Airlines. Operations within Argentina: LAN Argentina has increased its domestic destinations to a total of 14 Argentine cities. It operates the domestic network through a fleet of 13 Airbus A320-Family aircraft. Competition: The main competitor of LAN Argentina is Aerolíneas Argentinas. Operations within Peru: During 2015, LAN Peru flew to 16 destinations, with 9 Airbus A319 and 8 Airbus A320 aircraft. Competition: The company’s main competitors in Peru include Avianca, Peruvian Airlines and Star Perú. Operations within Colombia: As of December 31, 2015, LAN Colombia serviced its domestic destinations with 15 Airbus A320 aircraft. Competition: The company’s major competitors are VivaColombia and Satena. Operations within Ecuador: As of December 31, 2015, LAN Ecuador operated in five domestic destinations: Guayaquil, Quito, Cuenca, Baltra and San Cristobal, with a fleet of three Airbus A319 aircraft. Competition: The company’s main competitors are the flag carrier Tame and Avianca. Distribution Channels The company’s distribution structure is divided into direct and indirect distribution channels. Direct channels owned by the company are comprised of city ticket offices, contact-centers and e-business (includes Website, mobile and smart business). Indirect channels include travel agencies, general sales agencies, direct channels from others airlines and also new players, such as online agencies. Cargo Operations The company’s Cargo division operates internationally and domestically through subsidiaries and affiliates under the LAN Cargo and TAM Cargo brands. Its cargo business generally operates on the same route network used by its passenger airline business. It includes approximately 140 destinations, of which approximately 129 are served by passenger and/or freighter aircraft and approximately 11 are served only by freighter aircraft. As of December 31, 2015, the company’s freighter fleet consisted of 8 Boeing 767-300 freigh


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