Chile's Centre-right Presidential Candidate, Billionaire Businessman Sebastian Pinera Fights Berlusconi Comparison

Chilean billionaire Sebastian Pinera, owner of Chile's LAN Airlines, a media company, and a sports team, who is currently leading polls in the run-up to Chile's January 17, 2010 presidential election, is working to downplay statements made by rivals that compare him to controversial Italian media magnate Silvio Berlusconi.

Chile's LAN, One of Latin America's Largest Airlines, Reports 3Q Profits Down by 37%

LAN Airlines S.A. (NYSE:LFL), one of Latin America's largest airlines, with 2008 revenues of US$4.5 billion, a company controlled by right-of-center Chilean presidential candidate Sebastian Pinera, reported that its third quarter 2009 profits fell 37% to US$52.1 million, down from US$83 million a year ago.