I know this sound as a tale, but there's a new chance in the horizon for LAN to finally take Argentina.
This March ends the agreement of Southern Winds to manage LAFSA, so a new tender was opened. Besides, the drug scandal inside a A4 aircraft refloated this delayed process.
So LAN has already talked to Argentine authorities, and it became one of the 5 interested in LASFA, among TAM, some Argentine investors, a Mexican investment group and some other Europeans.
"El Diario Financiero" journal of Santiago posted that some Argentine media ("El Cronista" and "Clarin") have recognized that LAN offer sounds the most feasible and serious. Apparently, there is a draft tender porposal already.
LAN has been very discrete about it, probably after the embarrasing American Falcon issue, and they just recognized their interest that remains the same.
Some of the bases could involve about US$27 millions for annual investmente (equivalent to what the Governmet is already investing), plus some inicial investment and the chance of the Goverment for keeping a "golden stock"
http://www.diariofinanciero.cl (search by "LAN", in spanish Feb18, 05)
Regards )( Arcano