LAN BRINGS FORWARD DELIVERIES OF BOEING 787 DREAMLINER AIRCRAFT

LAN Airlines S.A. and its subsidiaries, (“LAN” or “the Company”) (NYSE: LFL / IPSA: LAN), one of the leading airlines in Latin America, today announced that the Company signed an agreement with Boeing to adjust the delivery of ten Boeing 787-8 Dreamliners to be incorporated into the Company’s long haul fleet. This new delivery schedule anticipates by three years the arrival of this aircraft, previously scheduled for 2014 and now expected starting in the first semester of 2011.

In this way, LAN becomes the first airline in the western hemisphere to receive the Dreamliner, which is expected to revolutionize the airline industry, incorporating the most advanced technology. These ten aircraft are part of the original order for 32 Boeing 787s placed by LAN in 2007, 26 of which will be owned and 6 leased.

The Boeing 787-8 undertook its first test flight in December 2009 and is expected to begin commercial operations in 2010. It has the capacity to seat approximately 250 passengers, providing a unique in-flight experience due to innovative technological advances featured inside the aircraft cabin. In addition, this is the world's most efficient aircraft reducing the effects of global warming, so the 787 is considered as the new Green Aircraft.