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LCO-LOGO - 2014-02
Formed in 2000. Based on the original cargo divisions of LAN (LAN), LanExpress (LDE) (from Ladeco & Fast Air (FAC). Domestic and international, scheduled & charter, cargo, jet airplane services.
Av. Americo Vespucio 901, Renca
Chile (Republic of Chile) was established in 1818, covers an area of 756,945 sq km, its population is 15 million, its capital city is Santiago de Chile, and its official language is Spanish.
May 2005: 578 employees (including 102 Flight Crew (FC)).
November 2005: (LAN) Cargo (LCO) will inaugurate service to Amsterdam on November 15th. (LCO) will operate 2 weekly departures from Schiphol on Mondays/Thursdays using a 767-300F operating to Santiago via Miami.
767-316F (34246, N418LA), delivery.
January 2006: Full year 2005 = Freight traffic 2.29 billion (FTK) (+5.9%).
(LAN) Cargo (LCO) named Cristian Ureta (CEO). He most recently was (LCO)'s (COO).
September 2006: LanChile Cargo (LCO) is the cargo subsidiary of (LAN), operating cargo flights in South America and North America.
(ICAO) Code: LCO.
Parent organization/shareholders: LAN Airlines (LAN) (99.4%).
Alliances: Mexicana (CMA).
It also works closely with the other cargo airlines in the (LAN) Group: ABSA (BSB); Florida West (PAI), & MAS Air (MSR).
Main Base: Santiago Arturo Merino Benitez International airport (SCL).
October 2006: (LAN) Airlines more than doubled its 3rd-quarter net income to +$51.5 million from +$23.8 million in the year-ago period as revenues grew +22.6% to $762.3 million, boosting operating margin +7.6 points to 9.3%.
The carrier said that the "significant margin improvements [resulted] mainly from higher revenues per (ATK) in both the passenger and cargo business. The company's strong 3rd-quarter operating performance provides a solid base for long-term growth and profitability." With 48 airplanes being added to its fleet in 2006 -2008, passenger capacity is expected to grow +10% - +12% for full-year 2006 and +23% - +25% in 2007.
3rd-quarter operating expenses rose +13% to $691.8 million and operating income widened significantly to +$70.5 million from +$10 million in the year-ago quarter. Traffic increased +10.2% to 5.07 billion (RPK)s on a +11.9% lift in capacity to 6.7 billion (ASK)s, producing a load factor of 75.7% LF, down -1.1 points. Yield rose +17% to 9.4 cents.
(LAN) said it is moving forward with its domestic and regional business model overhaul, which aims to reduce overhead costs by -30% per (ASK) on short-haul routes by the end of 2008. It is targeting airplane utilization of 12 block hours per day for narrow body operations in Chile, Argentina and Peru. It will phase out 737-200s in favor of new A320s in 2007, and will operate more point-to-point flights. It plans for future "fare reductions" made possible by the cost savings.
March 2007: (LAN) Airlines' impending fleet upgrade, for which it approved a capital increase, reportedly will comprise 4 777-200Fs, 6 767-300s with an option to convert those to 787s, 6 A340-300s and 15 A320 family airplanes. The latter constitute option conversions. A formal announcement is expected shortly.
July 2007: (LAN) Cargo (LCO) will introduce 2 new 777Fs into its fleet during the 1st quarter of 2009. It also is negotiating for 2 additional freighters that would be added by 2011. The 4 will join (LCO)'s 9 767-300Fs.
January 2008: Airlines throughout the world are contending with antitrust charges made at the end of 2007 by the European Commission (EC), which has accused at least 11 and as many as 25 carriers of "cartel" activity relating to airfreight transport. In addition to British Airways (BAB), Japan Airlines (JAL), Air France (AFA)/(KLM), (SAS) Group, and Cargolux (CLX) (all of which confirmed receipt of statements of objections from the (EC) before Christmas).(ANA), Air New Zealand (ANZ), Air Canada (ACN), Cathay Pacific Airways (CAT), (LAN) and Singapore Airlines (SIA) have admitted to being charged.
(LAN) said it received a statement of objections "for possible price fixing of cargo fuel surcharges and other fees in the European and United States air cargo markets." It added that LAN Cargo (LCA) was one of "25 cargo airlines" accused by the (EC) of "anti-competitive behavior in the air freight business."
Carriers charged late last year, have 2 months from the receipt of statements of objections to respond in writing to the (EC) and also have the option of requesting a formal hearing. An airline found guilty or admitting to guilt can be fined up to 10% of its annual revenue.
March 2008: LAN Cargo (LCO) promoted Senior VP Global Operations Federico Germani to (COO).
April 2008: (LAN) Airlines reported +$91.1 million in net earnings in the 1st quarter, up +5.8% from the +$86.1 million posted in the year-ago period, as revenue soared and its fuel hedges contributed to a positive +$6 million swing. Consolidated revenue rose +29.7% to $1.08 billion as passenger revenue climbed 29% to $693.2 million and cargo revenue jumped +32.4% to $338.1 million. (LAN) cited capacity increases on long-haul routes and a +12% hike in yields, resulting from "improved revenue management initiatives, a better cabin mix and higher fuel surcharges." Expenses grew +34.7% to $953.7 million, driven by a +71.3% increase in fuel costs to $328.2 million. Operating profit lifted by a slight +0.6% to +$124.2 million from the +$123.5 million earned in the 1st 3 months of 2007.
The company flew 6.98 billion (RPK)s passenger traffic during the quarter, up +15.1%, against a +12% increase in capacity to 8.7 billion (ASK)s. Load factor improved +2.1 points to 80.3% LF. Yield climbed to 9.9 cents and unit revenue rose +15.1% to 8 cents. Passenger numbers were up +19.4% to 3.2 million.
(LAN) operated 81 airplanes at quarter's end, comprising 72 passenger planes and nine 767-300Fs. It took delivery of 2 A318s during the period and reached agreement with Airbus (EDS) to swap 5 more A318s scheduled to arrive this year for 5 A319s, 3 of which will be delivered in the 2009 1st quarter. It plans to take delivery of 19 airplanes this year, and phase out its remaining 737-200s. It expects to operate 90 airplanes by year end (50 A320 family, 26 767-300ERs, 5 A340-300s, 9 767-300Fs), but will reduce full-year capacity growth to -16% to -18% from the previously expected -20% to -22%, owing to the later A319 deliveries and a revised maintenance schedule.
"The company's strong first-quarter operating performance provides a solid base for long-term growth and profitability," it said. "As a consequence, (LAN) is in a position to plan for capacity expansion in response to growth opportunities, while leveraging opportunities to improve its cost performance."
May 2008: (LAN) Cargo (LCO) said that it has presented a formal proposal to Colombian aviation authorities to launch a new cargo airline in that country. The airline said that if it gains approval, the new carrier will begin operations within 12 months. "Colombia is currently the largest air cargo market in Latin America, in terms of exports to the USA with an estimated volume of 200,000 tons annually," (LAN) said. "The establishment of a subsidiary in Colombia will allow (LAN) Cargo (LCO) to integrate the country [into] its broad network of routes within the region, also providing connectivity to the USA and Europe."
(LCO) currently operates 9 767-300F freighters and also transports cargo in the bellies of its 72 (LAN) passenger airplanes. Its full-year 2007 cargo revenue jumped +32.4% to $338.1 million, comprising more than a 3rd of total revenue. It currently owns and operates cargo affiliates in Brazil and Mexico. Its cargo network serves 75 destinations worldwide.
July 2008: (LAN) Cargo (LCO) was approved by the Colombian government to launch an affiliate cargo airline there, with plans to initiate services in the 1st quarter of 2009. Noting that Colombia is "the largest air cargo market in Latin America in terms of exports to the USA," (LAN) earlier this year applied for the right to launch a new airline. It said that the carrier will provide air freight services between Colombia and the USA using an undisclosed number of 767-300F freighters. It said it will add 2 new 777F freighters to the fleet next year. Flights to other Latin American destinations are possible. (LAN) estimated that Colombia exports 200,000 tons of air cargo annually to the USA. The Colombian affiliate will be managed by Colombian executives and staffed with technicians from that nation, (LAN) said. It has not been named.
August 2008: LAN Cargo (LCO) will begin flying from Miami to Guatemala City and San Jose, Costa Rica, in September aboard 767-300Fs.
November 2008: SEE ATTACHED - - "LCO-2007-TOP-WLD-CARGO."
January 2009: (LAN) Cargo (LCO) reached a plea agreement with the USA Department of Justice and will pay a $88 million fine >5 years to settle its portion of the wide-ranging global investigation into price-fixing and collusion that has ensnared a host of high-profile carriers. In addition, Campinas-based ABSA Cargo Airline (BSB), in which (LAN) holds a majority stake, struck a similar deal and will pay a $21 million fine >5 years. 8 carriers: British Airways (BAB), Korean Air (KAL), Air France (AFA)/(KLM), Japan Airlines (JAL), Qantas (QAN), Cathay Pacific Airways (CAT), the (SAS) Group, and Martinair (MTH) have paid fines totaling $1.28 billion. Several executives will serve jail time.
(LCO) said the investigation into its cargo business covered the February 2003 - February 14, 2006, period. It had established a $75 million reserve in anticipation of the penalty. It said in a statement that it "accepted" that its actions violated competition laws and that it "condemns" such behavior and "has taken the necessary measures to prevent such actions from occurring in the future."
February 2009: 2 767-316Fs (32572, N312LA; 32426, N418LA), wet-leased to Linea Aerea Carguera de Colombia (LAS).
April 2009: LAN Cargo (LCO) Brazilian affiliate, ABSA (BSB) launched a daily, Sao Paulo Guarulhos - Manaus service aboard a 767-300F.
May 2009: 1st 777-200LRF (N772LA - - SEE PHOTO - - "LCO-777F-MAY09") (GECAS) (GEF) leased at a time when its cargo traffic has decreased by -25%. This airplane will be used on the Santiago - Viracopos-Miami - Amsterdam - Frankfurt route.
June 2009: (GECAS) (GEF) delivered a 2nd 777-200LRF freighter to LAN Cargo (LCO). It may be offered for wet-lease operations.
July 2009: (LAN) Airlines reported 2nd-quarter net income of +$4.2 million, down -93% from a +$60.5 million profit in the year-ago period, but touted its continued growth even in a recession as traffic rose +13.5%.
Quarterly results included a -$52.6 million fuel hedging loss. (LAN) said it is "important to note that amidst the weakened global economic environment and despite the seasonally weak months, (LAN) continued to show significant growth in its passenger operations, demonstrating its solid market position in the routes in which it operates." Whereas many major airlines around the world are slashing capacity, (LAN) expects full-year passenger capacity to be up +10% over 2008. The growth, it said, is "mainly driven by the domestic markets in Chile, Peru, Argentina, and Ecuador."
It added that its financial position is "sound," pointing to $700 million in cash and cash equivalents at the end of the 2nd quarter. It noted that it raised $250 million during the year's 1st half through loans from Chilean banks "to increase liquidity."
(LAN) took delivery of 2 777-200 freighters during the quarter, becoming the 1st Latin American airline to operate the type. Its fleet now totals 96 airplanes, comprising 53 A320 family airplanes, 27 767-300ERs, 5 A340-300s, 9 767-300Fs, and 2 777-200Fs. It plans to grow its fleet to 119 airplanes by 2012, including 13 freighters.
Second-quarter revenue decreased -21.7% to $785.1 million, while expenses lowered -18.2% to $750.2 million, producing an operating income of +$34.9 million, down -59.1% from +$85.3 million in the year-ago period. Traffic increased +13.5% to 6.64 billion (RPK)s on a +10.9% lift in capacity to 9.03 billion (ASK)s, producing a load factor of 73.6% LF, up +1.7 points. Passenger yield declined -21.5% to 8.2 cents, while (RASK) fell -19.7% to 6.1 cents.
Cargo revenue, which comprises 26% of (LAN)'s total revenue, plunged -43.4% in the quarter on a -12.7% drop in capacity to 904.5 million (ATK)s and a -19.9% dip in traffic to 596.4 million (RTK)s. Cargo load factor slid -5.9 points to 65.9% LF and yield fell -29.3% to 33.7 cents.
September 2009: (LAN) Airlines is feeling the effects of the industry crisis but said it expects to report a profit this year thanks to its domestic strength in Chile, Argentina, Peru, and Ecuador and a robust cash position.
Company officials in Santiago said the company generated +$248 million in net income in the 12 months ended June 30, and they expect some $4 billion in revenue in 2009 on a +15% increase in passenger numbers to 15 million. (LAN) claimed its cash position is strong, with $700 million in cash and equivalents. It was +$69.2 million in the black through the 1st 6 months.
Nevertheless, it has suffered a -20% drop in yield in some markets, the effect of which has been mitigated by its ability to cut costs by the same margin in some areas, VP Business Planning & Control - Passenger Division, Ernesto Solis Grau said. "Reduced fuel costs have also helped us. We are continuing to fine tune where we can increase prices," he said. He claimed (LAN)'s (EBITDAR) margin of 22.7% is one of the highest in the industry.
Cargo revenue, which comprises 34% of (LAN)'s total, plunged -43.4% in the first quarter on a -12.7% year-over-year drop in capacity and a -19.9% dip in traffic to 596.4 million (RTK)s. But it sees signs of recovery in the freight market and is working on new ideas to compensate for falling demand. It launched LAN Cargo Colombia this year, operating from its main cargo base in Miami to Medellin and Bogota. "This is a regional strategy. We also have a cargo subsidiary in Brazil operating flights from Sao Paolo to Manaus," Solis Grau said. It has not grounded any of its freighters.
Freight is key for (LAN). Belly cargo on passenger airplanes is allowing (LAN) to reach breakeven on those flights with a 65% LF load factor. "Without cargo, we must have a 79% LF load factor. The cargo business has a direct impact to the bottom line and that's why it is so important for us," he said. (LAN)/(LCO) took delivery of two 777-200F freighters in the first quarter. A third airplane is scheduled for delivery in 2011.
(LAN) currently operates 13 A318s, 20 A319s, 18 A320s, 26 767-300ERs, 9 767-300Fs and the 2 777-200Fs. Next year it expects to operate 103 airplanes and is targeting 115 in 2011 and 147 by 2013 to 2014. It has 26 787s on order and is expecting the 1st in 2013. "We don't have more information [about the delivery schedule]," Solis Grau said. It will add 2 new 767-300s this year.
July 2010: LAN Cargo (LCO) has become the 12th operator to join Boeing (TBC)’s 777 component services program, a venture established by (TBC) and Air France Industries (AFI)/(KLM) Engineering & Maintenance. The program provides 24-hour access to inventory, including avionics, actuators and precision mechanical assemblies.
Dale Wilkinson, VP for Boeing Commercial Airplanes (TBC) said, “The 777F freighter provides a competitive edge for (LCO)’s operation, and the 777 component services program will further extend that advantage. “Additionally, (LCO) will stabilize its long-term 777F maintenance budget planning,” he added.
(LCO) took delivery of its 1st 777F freighter in 2009 and currently operates 2 of the type. A 3rd is scheduled to be added to the airline’s fleet in 2012.
According to Boeing (TBC), Air France Industries (AFI) and (KLM) Engineering & Maintenance support more than 1,230 airplanes
operated by 150 carriers.
November 2010: The European Commission (EC) fined 11 airlines a total of €799 million/$1.1 billion for "operating a worldwide cartel which affected cargo services within the European Economic Area." In a statement, the (EC) said the carriers "coordinated their action on surcharges for fuel and security without discounts over a six-year period." Air France (AFA) received the largest fine at €182.9 million, followed by its affiliate (KLM) at €127.2 million. Other fines include British Airways (BAB) (€104 million), Cargolux (CLX) (€79.9 million), Singapore Airlines (SIA) (€74.8 million), (SAS) (€70.2 million), Cathay Pacific Airways (CAT) (€57.1 million), Japan Airlines (JAL) (€35.7 million), Martinair (MTH) (€29.5 million), Air Canada (ACN) (€21 million), Qantas (QAN) (€8.9 million) and (LAN) Airlines (€8.2 million).
Lufthansa (DLH) and its subsidiary Swiss International Air Lines (CSR) "received full immunity from fines under the (EC)’s leniency program, as it was the 1st to provide information about the cartel," the (EC) stated.
"It is deplorable that so many major airlines coordinated their pricing to the detriment of European businesses and European consumers," said (EC) VP Competition, Joaquin Almunia. "With today’s decision, the (EC) is sending a clear message that it will not tolerate cartel behavior." The (EC) charged that the "cartel members" coordinated pricing from December 1999 to February 2006.
The (EC) in late 2007 sent out official statements of objections to as many as 25 carriers regarding cargo price fixing. It said that 11 carriers originally charged were not fined.
The (EU), USA Department of Justice, Australian Competition and Consumer Commission and other authorities worldwide have been investigating anti-competitive practices in air cargo since 2005. Cargolux (C LX) President & (CEO), Ulrich Ogiermann and Senior VP Sales & Marketing, Robert Van de Weg were recently indicted in a USA court on charges of conspiring to fix and coordinate certain surcharge rates on air cargo shipments to and from the USA.
In a statement, Air France (AFA)/(KLM) said it considered the level of the fine to be "disproportionate given the fact that the economic analysis demonstrated that the actions in question had no detrimental effect on the freight shippers or the freight forwarders. Moreover, the level of the fines disregards the economic hardship that the air cargo industry has suffered, and will have a distortive effect on the level playing field." It added that it intends to appeal the decision to (EU) courts. Because the level of the fine exceeds the level of provisions already taken by the company for potential cargo antitrust payments, (AFA)/(KLM) will book a charge of €127 million for the first half of its current fiscal year.
(SAS) said in a statement it has not been involved in a global cartel and the fines are disproportionate. It also plans to appeal the decision, a process that could take several years. The fines will be accounted for in (SAS)'s 3rd-quarter earnings.
Air Canada (ACN) said it may appeal the decision and said the penalty is “more than adequately” covered by a C$125 million provision it made in 2008.
"We are highly disappointed and strongly contest the considerable level of the fines, which we believe to be disproportionate to (SAS) Cargo's actions," said (SAS) Chief Legal Officer, Mats Loennkvist. "We have cooperated fully with the (EC) during the entire investigation and, for slightly >4 years, we have disputed the (EC)'s view that (SAS) Cargo has been involved in a global cartel."
January 2011: LAN Cargo (LCO)’s freight operations in December posted a +9.9% year-on-year in traffic due to improved Latin American import markets, especially Brazil, but a +12.3% rise in capacity depressed cargo loads -1.6 points to 72% LF.
June 2011: LAN Cargo (LCO) agreed to pay $59.7 million to settle its portion of a civil class action suit brought in the USA related to cargo price fixing. The case was filed after parent, (LAN) Airlines reached a plea agreement with the USA Department of Justice over airfreight antitrust violations. Campinas-based, ABSA Cargo Airline (BSB), in which (LAN) Airlines holds a majority stake, will pay $6.3 million towards the class action settlement, bringing (LAN)'s total to $66 million. (LAN) said the payment of the full amount will be disbursed no later than June 14. The civil class action was initiated against 42 airlines.
July 2011: LAN Cargo (LCO)'s Colombian affiliate, Linea Aerea Carguera de Colombia (LAS), opened a 65,121 sq ft, $7 million warehouse facility in Bogota.
February 2014: Route Network Update for LAN Cargo (LCO):
LAN Cargo ((IATA) Code: UC, based at Santiago de Chile International) network changes (LCO):
New CARGO route: Miami International - Panamá City Tocumen International has recently launched.
New CARGO route: Miami International - Quito International has recently launched.
Amsterdam - Curitiba CARGO route has been cancelled.
Buenos Aires Ezeiza - Santiago de Chile International CARGO route has been cancelled.
Frankfurt International - Campinas Viracopos CARGO route has been cancelled.
Miami International - Campinas Viracopos CARGO route has been cancelled.
Miami International - Guatemala City CARGO route has been cancelled.
Miami International - Rio de Janeiro International CARGO route has been cancelled.
Santiago de Chile International - Quito International CARGO route has been cancelled.
August 2014: (LAN) Airlines ((IATA) Code: LA, based at Santiago de Chile International) and (TAM) Linhas Aéreas ((iata) Code: JJ, based at São Paulo Congonhas) (TPR) will begin the transition into a singular brand before the end of the year (LAN)'s (CEO), Ignacio Cueto, has said. Speaking to Colombia's "El Tiempo" newspaper, Cueto said (LATAM) Group management is working hard to find a suitable name that will unify the (LATAM) brand, but which "will not necessarily be that of (TAM), (LAN), or even (LATAM)."
The (CEO) went on to add that the creation of a single brand would also better facilitate promotion of the group companies. It will also allow passengers to better identify the group's network of destinations, particularly in places where they are less well known, he said.
(LAN) and (TAM) (TPR) merged in 2012 to create the world's 2nd largest airline by market value.
(LATAM) Airlines Group includes (LAN) Airlines and affiliates LAN Perú ((IATA) LP, based at Lima) (LPU), LAN Argentina ((IATA) Code: 4M, based at Buenos Aires Aeroparque) (LNR), (LAN) Colombia ((IATA) Code: 4C, based at Bogotá) (AIR), (LAN) Ecuador ((IATA) Code: XL, based at Quito International) (LNE), (LAN) Cargo ((IATA) Code: UC, based at Santiago de Chile International) (LCO), Linea Aérea Carguera de Colombia ((IATA) Code: L7, Bogotá), MAS Air ((IATA) Code: M7, based at México City) (MSR) and (ABSA) Cargo ((IATA) Code: M3, based at Campinas Viracopos) (BSB), alongside (TAM) (TPR) and its subsidiaries, Pantanal Linhas Aéreas ((IATA) Code: GP, based at São Paulo Congonhas), (TAM) Airlines ((IATA) Code: PZ, based at Asuncion) (LAP), and (TAM) Cargo - Táxi Aéreo Marília (based at São Paulo Congonhas).
April 2016: "Atlas Air Worldwide - Southern Air Cargo Merger Completed" by (ATW) Aaron Karp, April 7, 2016.
Atlas Air Worldwide Holdings (AAWH) has closed its acquisition of Southern Air (SOF) Holdings for $110 million.
Purchase, New York-based (AAWH) is the parent company of international airfreight carriers Atlas Air (TLS) and Polar Air Cargo (PAO). It operates the world’s largest Boeing 747F freighter fleet with >40, including 10 747-8Fs.
Cincinnati-based, Southern Air (SOF) flies 5 777-200Fs and 5 737-400Fs under contract for (DHL) Express, which also owns a 49% stake in Polar (PAO). Southern Air Holdings additionally owns Miami-based Florida West International Airways (PAI), which operates 767-300F scheduled and charter services under contract with Chile-based LAN Cargo (LCO), and now will be an (AAWH) (TLS)/(PAO) subsidiary.
The USA air cargo merger deal was 1st announced in January. “The strategically compelling, highly complementary combination provides Atlas Air Worldwide immediate entry into 777F and 737F aircraft operating platforms with opportunities for additional growth, enhancing Atlas Air Worldwide’s position as a leading global provider of outsourced airplane and aviation operating services,” (AAWH) said.
(AAWH) President & (CEO), William Flynn added, “We have known and respected Southern Air (SOF) for some time, and we have a lot in common. Our complementary operations will also provide a broader array of services for customers and new avenues of business growth, which will generate greater opportunities for employees and drive value for shareholders.”
Post-merger, all of the (AAWH) subsidiary carriers will have a combined fleet totaling 75 airplanes. (AAWH) noted that it did not assume any debt in connection with the transaction.
April 2017: Santiago, Chile-based (LATAM) Cargo (LCO) has named Andrés Bianchi as new (CEO), effective April 15. Bianchi, currently Senior VP Sales North America, Europe and Asia, succeeds Cristián Ureta, present (CEO) since 2006-01.
Bianchi said, “We will focus on reinforcing (LATAM) Cargo (LCO)’s competitiveness in order to maintain our leadership in Latin America. We plan to achieve this by continuing to support our customers closely, improving our product portfolio, and enhancing our productivity.”
(LATAM) said that this change is part of the restricting process the company and its affiliates are undergoing. “It is aimed at building a simpler and more efficient organization that can face complex macroeconomic scenarios and a more competitive environment,” (LCO) said.
March 2018: 767-316ERF (32573, N536LA), delivery, ex-(N68079) Chirhue Leasing Trust.
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0 737-204F (JT8D-9A) (255-20417, /70 CC-CSD), (LAN) LEASED 2003-01. FREIGHTER.
0 737-248QC (JT8D-9A) (208-20219, /69 CC-CEI), EX-(ARL), (ECC) LEASED 1995-12. RETURNED. FREIGHTER.
0 747-200F, (TLS) WET-LSD, OPERATIONS BY (FAC). REPLACED WITH MD-11F. FREIGHTER.
2 767-316ERF (CF6-80C2B7F) (778-29881, /99 CC-CZX; 806-30780, /00 N532LA), (LCO) LEASED. 127,130 LB PAYLOAD. FREIGHTER.
4 767-316ERF (CF6-80C2B7F) (712-25756, /98 CC-CZZ - - SEE PHOTO - - "LCO-767-316ERF-2009-10;" 860-30842, /01 N316LA; 846-32572, /01 N312LA; 848-32573, /01 N314LA; ). 32573 WET-LEASED TO (MAS) 2001-10. (30842; WET-LEASED TO (PAI) 2001-11). +3 ORDERS. 32572; WET-LEASED TO (LAS) 2009-02. FREIGHTER.
1 767-316F (CF6-80C2B7F) (934-34245, PR-ABD), LEASED TO (BSB) 2005-07. FREIGHTER.
1 767-316F (CF6-80C2B7F) (936-34246, N418LA), 2005-11. WET-LST (LAS) 2009-02. FREIGHTER.
2 +2 ORDERS 777-200LRF (N772LA, 2009-05 - - SEE PHOTO - - "LCO-777F-2009-05"), (GEF) LEASED. FREIGHTER.
0 DC-8-71F (CFM56-2C1, 22,000 LBS) (372-47976, XA-MAS, LEASED TO (MSR) 2000-11), (GEH) LEASED, (FAC) OPERATIONS. 3 RETIRED. FREIGHTER.
0 DC-8-71F (449-46040, /69 N872SJ), EX-(UAL), (DEA) LEASED, (FAC) OPERATIONS. RETIRED. FREIGHTER.
1 MD-11F, (GMN) WET-LSD 2001-11 TO REPLACE (TLS) 747-200F'S. FREIGHTER.
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ANDRES BIANCHI, CHIEF EXECUTIVE OFFICER (CEO) (2017-04).
Andres was formerly Senior VP Sales North America, Europe, and Asia and succeeded former (CEO) Cristian Ureta who had held this position since (2006-01).
FEDERICO GERMANI, CHIEF OPERATIONS OFFICER (COO) (2008-03).
ARMANDO VALDIVIESO, SENIOR VP CARGO BUSINESS.
ALVARO CARRIL, COMMERCIAL DIRECTOR.
PAUL PETRELLI, VP CARGO EUROPE.