Bloomberg News

Copec Says Jet-Fuel Shortage Will Be Resolved in 10 Days

December 14, 2011

(Adds that Copec will work to reduce the affect on airlines in third paragraph.)

Dec. 14 (Bloomberg) -- Empresas Copec SA, Chile’s largest fuel distributor, said a jet-fuel shortage that forced Lan Airlines SA to refuel international flights in the Atacama Desert today will be resolved in 10 days.

Copec’s fuel shortage is the result of stronger-than- expected seasonal air travel and higher demand for jet fuel in Europe that reduced availability from U.S. refineries, it said in an e-mailed statement today.

Copec will work with state-oil refiner Enap and the civil aviation authority over the next 10 days to “minimize” the impact to airlines, the Santiago-based company said. Imports arriving in 10 days will resolve the problem, it said.

Lan, Latin America’s largest airline by market value, said two international flights made refueling stops in the northern Chilean city of Iquique because of distribution “problems” in Santiago airport.

The Santiago-based carrier will probably will have to make similar arrangements for national and international flights today. Lan was informed yesterday of the fuel shortages by the distribution unit of Copec, it said.

--Editors: Charles Siler, Robin Saponar

To contact the reporters on this story: Matt Craze in Santiago at mcraze@bloomberg.net; Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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