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Santiago, May 09, 2007
Santiago, Chile, May 9, 2007 - LAN Airlines S.A. and its related companies, LAN Peru, LAN Argentina and LAN Ecuador ("LAN" or "the Company") (NYSE: LFL / IPSA: LAN), and TAM Linhas Aéreas have decided to formalize a commercial alliance.
The agreement aims to develop partnerships in routes operated by these companies in South America, broadening the passengers' options to fly to several destinations throughout the continent and allowing clients of the LAN alliance to travel the routes operated by TAM, with multiple hour and frequency options. This will be possible through a code share agreement, which LAN expects will be implemented within the next months.
One of the benefits passengers will enjoy with this commercial alliance is the ability to travel with a single ticket from the beginning to the end of the route, in addition to the possibility of using the companies' VIP areas. Another advantage is the accrual and redemption of miles in the companies respective frequent flyer programs, LANPASS and The TAM Fidelity Program, benefiting passengers who travel frequently.
For TAM's CEO, Marco Antonio Bologna, the alliance with LAN represents an important step towards the regional integration process in South America, thus stimulating the distribution of passengers in the Brazilian, Chilean, Argentinean, Peruvian, Venezuelan and other markets. "TAM and LAN passengers can rely on a wider variety of flights while enjoying the advantages of both companies' fidelity programs," said Bologna.
Enrique Cueto, LAN's CEO said, "Thanks to this agreement, our passengers will enjoy an excellent network that will make their travels easier. This will encourage commercial agreements already existing between the countries, fomenting tourism and bilateral cooperation in the region".
