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Chile's LAN Airlines SA (NYSE: LFL) (IPSA: LAN) has announced that its board of directors has this week agreed to incorporate 32 Boeing 787 Dreamliner long-haul aircraft into its fleet between 2011 and 2016.
The airline said it will purchase 26 aircraft and acquire six more through leasing contracts, making the total investment approximately USD3.2bn. The board also approved ten purchase options for the same aircraft model for 2017 and 2018.
LAN said that this is the largest investment in the company's history.
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