Tag Archives: Argentina

LAN Airlines Monthly Statistics Report for July 2010

SANTIAGO, Chile–(Business Wire)–
LAN Airlines S.A. and its subsidiaries, (“LAN” or “the Company”) (NYSE: LFL /
IPSA: LAN), one of the leading airlines in Latin America, today reported its
preliminary monthly traffic statistics and punctuality indicators for July 2010.

System passenger traffic for July increased 14.5% as capacity rose 9.9%. As a
result, the Company`s load factor increased 3.2 points to 79.2%. International
passenger traffic accounted for approximately 70% of total passenger traffic.

Domestic passenger traffic in Chile, Argentina, Peru and Ecuador rose 17.6% as
capacity increased 8.9%. As a consequence, the domestic load factor for the
month increased 5.8 points to 78.9%.

International passenger traffic for July grew 13.3%, while capacity increased
10.3%. Accordingly, the international passenger load factor for the month
increased 2.1 points to 79.4%. During July, international capacity was mainly
driven by an increase in operations on routes to the United States, as well as
certain Regional routes.

During July, cargo traffic increased 20.7%. This increase was mainly due to the
recovery in imports to Latin America driven by Brazil and the increase in
operations to Europe with the B777-200 freighter fleet. In-line with higher
demand, capacity grew 19.7%. As a result, the cargo load factor rose 0.5 points
to 67.9%.

During July, 74.0% of the Company`s total flights left on time based on a
fifteen-minute standard (all departures leaving within fifteen minutes of the
scheduled departure time are considered as “on-time”). This represented a
decrease of 18.9 points compared to July 2009.

About LAN

LAN Airlines is one of the leading passenger and cargo airlines in Latin
America. The company and its affiliates serve over 70 destinations around the
world through an extensive network that offers full connectivity within Latin
America, while also linking the region with North America, Europe and the South
Pacific, as well as 70 additional international destinations through its various
alliances. LAN Airlines and its affiliates have a leading position in their
respective domestic markets of Chile and Peru as well as an important presence
in the Argentinean domestic markets and having completed one year in the
Ecuadorian domestic market.

Currently, LAN Airlines and its affiliates operate one of the most modern fleets
in the world, with 87 passenger aircraft, and its cargo subsidiary, LAN CARGO
and its respective cargo affiliates, have a fleet of 11 dedicated freighters.
The Company has one of the youngest fleets in the world, which has meant greater
efficiency and a significant reduction in CO2 emissions, reflecting its strong
commitment to environmental protection.

LAN is one of the few Investment Grade airlines in the world (BBB). The
company`s world class quality standards enabled its membership in oneworld, the
global alliance which LAN has been a member of for over 10 years that
encompasses the best airlines in the world. For more information please visit
http://www.lan.com or http://www.oneworldalliance.com

Note: Domestic passenger statistics include domestic operations in Chile, Peru,
Argentina and Ecuador.

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EU, Brazil leaders urged to push trade talks

Brazilian and European business leaders urged their governments on Wednesday to accelerate talks on an ambitious trade accord, despite the euro-zone crisis and opposition from European farmers.

The European Union and South American trade block Mercosur in May relaunched talks that had been on hold for six years with the aim of creating the world’s largest free-trade zone, encompassing 750 million people and goods valued at 65 billion euros ($82 billion) a year.

The initiative faces strong opposition from farmers, environmentalists, and lawmakers in Europe.

“It’s been advancing very slowly. We need to speed things up,” Robson Andrade, head of Brazil’s CNI industry federation, said on the sidelines of an EU-Brazil summit in the capital Brasilia.

Farm lobbies in France and elsewhere in Europe have criticized a possible accord in recent weeks, warning that cheaper imports such as Brazilian ethanol or meat did not meet environmental or health standards and could wipe out local producers.

“The most difficult part as always is agriculture,” said Pierre-Alain De Smedt of the Belgian Business Federation.

“We want an ambitious accord. It’s important the politicians keep this in mind as they come under political pressure,” he added.


Brazil’s President Luiz Inacio Lula da Silva said he would try to persuade French President Nicolas Sarkozy in coming months to throw his support behind the deal.

“We need to warm the hearts of the French,” Lula said.

Some industry leaders talked up the benefits of a deal for European businesses struggling with the euro-zone crisis.

“At a moment of crisis in Europe, it’s important to be able to count on fast growth in countries like Brazil. We will do everything we can to push authorities on both sides,” said Jorge Rocha de Matos, head of the Portuguese Industry Association.

Brazil’s economy is expected to grow by more than 7.5 percent this year as European countries struggle to emerge from recession and a region-wide debt crisis.

EU Commission President Jose Manuel Barroso acknowledged negotiations would not be easy.

“We’re 27 countries, we need to gather support on many fronts, in many sectors,” Barroso said.

But the EU chief joked that if the two regions’ achievements in soccer were any indication, the outlook for a trade deal was good.

“Have you noticed that the World Cup has only been won by countries of the European Union or Mercosur? If we are able to always win the World Cup, we should be able to reach an historic accord that is as good for our economies as the EU-Mercosur deal,” Barroso said during a news conference following a meeting with Lula and EU President Herman Van Rompuy.

Mercosur is made up of founding members Brazil, Argentina, Uruguay and Paraguay. Venezuela, whose entry depends on approval from Paraguay’s parliament, will participate in talks as an observer.

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Invest in Uruguay

Why Investment in Uruguay Provides an Excellent Opportunity for Overseas Investing

Uruguay, according to the words of its president, “is a reliable country” that “respects contracts and investments.”

Since the government accepted the program of tax austerity imposed by the IMF in the 1990s, the economic results have been good, reaching an index of annual growth of approximately 5%, which has inspired more and more foreigners to invest in Uruguay.

The country is a member of MERCOSUR as well as the Latin-American Association of Integration (ALADI) and the American Bank of Development. Its main commercial associates are Spain, Argentina, Brazil, Germany, and the U.S.

Invest in Uruguay for its Reliability

With a stable economy and a strong commitment toward outside investment, Uruguay offers a great deal of reliability.

The monetary currency is the Uruguayan peso. After the large Argentinean devaluation in 2002, Uruguay had a gradual devaluation of its currency. Although the U.S. dollar weakened with respect to the Uruguayan peso in 2005, you will find the general cost of living to be about 30% to 40% cheaper than that in the U.S.

You should also be aware that, since the 1970s, the successive governments have applied open politics along with liberalization of the financial system. This has resulted in specific measures that have modified the physiognomy of the banking and financial systems over a short period of time.

The absence of controls on currency exchange operations, the absolute liberty for capital movement (entrance and exit), confidentiality with respect to banking, as well as the implementation of fixed interest rates are the main characteristics of the Uruguayan financial sector.

Uruguay has been granted the qualification of “investment grade,” as dispensed by recognized companies, such as the British IBCA and the American Duff & Phelps. This demarcation indicates that Uruguay is considered a country free of risk for investment. It ranks as one of the top three countries in Latin America for its ability to pay its external debt

If you want to invest in Argentina, Uruguay, Chile or Brazil contact us at: felipegonzalezvergara@gmail.com 


Living in Argentina

Quality of life

The quality of life in Argentinais among the highest in the region and recognized worldwide. The 2009 Qualityof Life Index published by InternationalLiving ranked Argentina in 21st place among 194 countriesincluded in the survey, and placed it first among its peers in Latin America.Argentina is also included in the High Human Development category of the UNDP’sHuman Development Index (2009).

The Economist’sMost Livable Cities Index 2009 declared Buenos Aires as Latin America’s bestcity to live in, while Prices and Earnings UBS2009 established that the purchasing power of Buenos Aires residentsis higher than that of citizens living in any other capital in the region.


By air
Argentina has a modern air infrastructure: 58 airports, 23 of which are international. The Ministro Pistarini airport in Ezeiza, 22 km from the City of Buenos Aires connects directly to every major destination throughout the Americas and Europe. Because the country is so vast, air travel is a convenient option for travel and Buenos Aires is well connected to the other major cities in Argentina.

By land
There is a broad network of well-marked signposted national and provincial roads linking the main towns and villages throughout the country. Long-distance buses are an excellent travel option as they offer an extremely high standard of service and comfort. For long journeys, passengers can travel in fully reclining sleeper seats with a meal service not unlike flying first class on an international airline. There are also several international car hire agencies to choose from throughout the country.

By train
Rail is the main transport and communications network linking the City of Buenos Aires to its suburbs and the towns in the province of Buenos Aires, as well as some towns in other provinces. Others cover relatively short distances and are run for tourists: Tren de las Nubes, (the Train of the Clouds) in the province of Salta which climbs high up into the Andes and Tren del Fin del Mundo, (Train to the End of the World) which runs through a national park in Tierra del Fuego.
In the City of Buenos Aires, the subway and buses (colectivos) are the most popular means of transport, while many people also use taxis or cabs.

By sea and river
The country’s most important port, Buenos Aires, receives ocean and river vessels and is the arrival and departure base for a large part of the country’s trade. There are also major sea ports in La Plata, Bahía Blanca, Neuquén, San Antonio Oeste and Puerto Madryn. The main river ports are on the Paraná River, including Rosario, San Lorenzo, Santa Fe, Barranqueras, San Nicolás and Campana.


With a modern and competitive communications network, the country has the highest density of fixed and mobile lines in South America and the highest broadband penetration in the region (Cisco Broadband Barometer 2008). There are over nine million Internet users in the country and more than 500 WiFi locations in the main cities, in hotels, restaurants, bars and even the subway. Buenos Aires is recognized as the WiFi capital of Latin America with the highest concentration of wireless hot spots per inhabitant, surpassing cities such as Sao Paulo, Mexico City and Santiago de Chile. (Clarin iEco, November 2009).

Education system

Argentina’s education system is recognized for its high standards and boasts many prestigious international institutions, many of which are bilingual, trilingual or international (English, German, French, Italian, Hebrew, Japanese and Chinese, among others). Most of these establishments provide students with the opportunity to take the necessary exams to enter university programs abroad as well as enabling students to acquire the same qualifications as their peers in the countries of origin.

Health system

There are approximately 18,000 healthcare institutions distributed among the public and private sectors. Doctors and the healthcare services, which are accessible at affordable prices, hold well-deserved reputations for excellence. In fact, over the last few years, medical tourism has increased significantly with many patients flying in from other countries to receive treatment.

Real estate

As regards the real estate industry, there are countless residential options for visitors such as short-term rentals in modern towers with a full range of in-house facilities including swimming pools, tennis courts, gyms, movie theaters, restaurants, parking, laundry services and even child care facilities. There are also smaller units close to public transport hubs, or houses in residential districts. The cost per square meter varies significantly according to the kind of building and its location. There is an ample selection of real estate agents, many of which operate online, to make the process easier.

Eating out

Argentines are known for eating well, reflected in the vast array of restaurants, bars and gourmet food shops to be found in Buenos Aires and also in many other parts of the country, offering not only local delicacies but also international dishes. The range of options is broad and tempting: Italian trattorias, French bistros, Peruvian fusion, Japanese sushi bars, Mexican eateries, and several signature cuisine restaurants featuring highly accomplished chefs, as well as delicatessen shops and bakeries. Throughout the country, visitors can enjoy the popular Argentine specialties which have made its culinary reputation such as empanadas (meat turnovers), asado (barbecue) and a selection of outstanding wines.


Argentine cities offer a rich and varied assortment of cultural activities to suit all tastes: 928 museums, 2,813 playhouses and 448 movie theaters offer a program of national and international exhibitions and shows for adults and children alike. Activities and entertainment options are of extremely high quality, varied and very accessible in terms of costs. The government supports and encourages cultural activities; for example, the 2,191 public libraries in Buenos Aires, chosen by UNESCO to be “World Book Capital 2011”.

National holidays

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