LATAM Chile company to Icarosan and Scandinavian Airlines (49%), which subsequently sold its stake a few years later to local investors. Since 1994, major shareholders have been the Cueto Family and businessman Sebastián Piñera (until 2010), who sold his shares when taking office as President of the Republic of Chile. The approval from the Chilean Anti-Trust Authority resulted in the acquisition of the country's second largest airline Ladeco on August 11, 1995. In October 1998, Lan Chile merged its cargo subsidiary Fast Air Carrier with Ladeco, forming LAN Express. In 1998 LAN Airlines established a joint venture with Lufthansa called LLTT ("Lufthansa-LAN
Airline codes airline's old livery which featured a springbok), or possibly to avoid confusion with a call sign used by an established airline. Companies' assigned names may change as a result of mergers, acquisitions, or change in company name or status; British Airways uses BOAC's old callsign ("Speedbird"), as British Airways was formed by a merger of BOAC and British European Airways. Country names can also change over time and new call signs may be agreed in substitution for traditional ones. The country shown alongside an airline's call sign is that wherein most of its aircraft are believed to be registered, which