LAN Argentina Announces $399 Round-Trip Introductory Fare for New Miami-Buenos Aires Non-Stop.

MIAMI -- The inaugural flight of LAN Argentina's first non-stop overnight service between Miami and Buenos Aires starts from Miami on August 16, 2006. To celebrate this new route, LAN Argentina is offering passengers a special introductory fare of $399 round-trip for passengers originating in Miami ((a)certain restrictions apply). Passengers may book this special fare by visiting http://www.lan.com, calling LAN toll-free at 866-I-FLY-LAN or by contacting their travel agent.

Tickets for this fare must be issued before September 4, 2006 and travel must be completed by December 13, 2006.

LAN Argentina's new non-stop flight departs from Ministro Pistarini de Ezeiza airport in Buenos Aires at 10:00 p.m. and arrives at Miami International Airport at 5:50 a.m. the following morning. The flight will in turn depart Miami at 9:00 p.m. and arrive in Buenos Aires at 6:40 a.m. the following morning.

The operation of this new international route will mark the incorporation of a Boeing 767-300 aircraft that is being added to LAN Argentina's fleet.

LAN Argentina operates an extensive network throughout Argentina, including daily flights from Buenos Aires to Cordoba, Mendoza, Bariloche and Iguazu, and one weekly flight to Comodoro Rivadavia and Rio Gallegos.

About LAN:

LAN Airlines (NYSE:LFL) and its affiliates LAN Argentina, LAN Ecuador and LAN Peru, offer a united spirit of reliability and charm that provides passengers the highest level of service and safety with the complete travel experience throughout the skies of the Americas.

LAN's vast route network reaches a large number of destinations throughout the world, including the Americas, Europe and the South Pacific. LAN and its affiliates offer flights from North America to Argentina, Brazil, Chile, Colombia, Dominican Republic, Ecuador, Peru, Uruguay and Venezuela with service from 29 North American cities, including daily flights from its Miami, New York and Los Angeles gateways. Passengers traveling with any of the LAN affiliates may accumulate frequent flier kilometers/miles in LANPASS or American Airlines' AAdvantage. Additionally, passengers traveling with LAN Airlines or LAN Peru may also accumulate frequent flier miles in any of the oneworld(TM) member frequent flier programs. LAN Airlines is a member of oneworld(TM) and LAN Peru is an affiliate of oneworld(TM), the world's leading quality alliance.

For additional information, contact LAN toll-free at 866-I-FLY-LAN (866-435-9526). Visit LAN's website at http://www.lan.com.

(a) Fare conditions - fare: US$399; minimum stay: 1 day; maximum stay: 3 months; trip must be completed by December 13, 2006; refunds: not permitted; sales restrictions: tickets must be issued immediately, on/before September 4, 2006; travel restrictions: travel must be completed by December 13, 2006; charge for date/flight changes: before departure US$100, after departure US$200; tickets are non-transferable; seats are limited; airline: LAN Argentina; earns kilometers for traveled distance: yes; eligible for LANPASS purchase bonus: yes; fares subject to change without notice; fare does not include government fees and taxes of approximately US$65.50.