Lan Chile S.A. Sells Shares of Equant
SANTIAGO, Chile–(BUSINESS WIRE)–Feb. 17, 1999–Lan Chile S.A., (“Lan Chile” or “the Company”) (NYSE:LFL) Chile’s largest domestic and international airline, announced that on Monday it had sold approximately 30% of its stake in the international data network service provider Equant N.V. (NYSE:ENT.N) for US$14.5 million. The sale will be reflected as non-operating income in the Company’s first quarter 1999 earnings results.
Lan Chile S.A. is the largest domestic and international passenger/cargo air carrier in Chile and one of the leading airlines in Latin America. Lan Chile serves 15 destinations in Chile, 16 destinations in other Latin American cities and seven destinations in the United States, Europe and the South Pacific with a fleet of 44 airplanes. Lan Chile maintains alliances with American Airlines, Canadian Airlines and Brazil’s TAM.
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