LAN Airlines, one of South America's biggest carriers, has confirmed an order for 50 A320 planes.
The order, the biggest single transaction for Airbus to date in the region, follows a memorandum of understanding signed at Farnborough Airshow in July 2010.
In addition to the plane order, LAN has also ordered a number of ‘sharklets’, large wing tip devices that are supposed to reduce the plane’s fuel consumption.
Airbus claims they can cut fuel burn by 3.5% on longer journeys.
Ignacio Cueto, LAN Airlines' chief operating officer, said: “Since 2008, our short haul fleet has been entirely composed by Airbus A320-Family aircraft.
“Through this agreement, we confirm LAN’s commitment to the development of commercial aviation in Latin America by carefully selecting our aircraft based on its ability to effectively and efficiently serve our short- and long-haul flight needs.”