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
Regional Airline Association Regional Airline Association The Regional Airline Association (RAA) is a business association founded in 1975 that represents 21 North American regional airlines and 280 associate, non-airline members. This includes manufacturers of products and services supporting the regional airline industry. The RAA is the collective bargaining voice for its members' interests and lobbies on their behalf before the United States Congress, Department of Transportation, Federal Aviation Administration and other federal agencies. The RAA represents the financial and economic interests of regional airline employers and regional airline support industry employers. The Regional Airline Association does not represent financial or economic interest of