Ladeco board. The aircraft was operating a domestic scheduled passenger flight from Los Cerrillos Airport, Santiago. Ladeco Ladeco was a Chilean airline; Ladeco is the acronym of "Línea Aérea Del Cobre" or the "Airline of Copper," in reference to the principal Chilean export. Ladeco began operations in 1958 flying mostly internal routes between Chile's major cities and some international routes, and continued to run services until 1994 when LanChile (currently called Latam Chile) bought over 99% of the shares and merged Ladeco into its fleet. At the time of takeover, Ladeco was equipped mainly with Boeing 737 aircraft as well as
Airline air carriers, to rescheme an airlines assets into a profitable organization or liquidating an air carrier of their profitable and worthwhile routes and business operations. Thus the last 50 years of the airline industry have varied from reasonably profitable, to devastatingly depressed. As the first major market to deregulate the industry in 1978, U.S. airlines have experienced more turbulence than almost any other country or region. In fact, no U.S. legacy carrier survived bankruptcy-free. Among the outspoken critics of deregulation, former CEO of American Airlines, Robert Crandall has publicly stated: "Chapter 11 bankruptcy protection filing shows airline industry deregulation was