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
Cimber (airline) and CRJ200 aircraft. In January 2017, SAS reached an agreement with CityJet whereby CityJet bought Cimber and would continue to operate flights on behalf of SAS. Cimber does not operate any routes under its own brand. All flights are conducted on behalf of Scandinavian Airlines, within their regional and European route network. The Cimber fleet consists of the following aircraft (as of August 2017): The airline previously operated the following aircraft: Cimber (airline) Cimber A/S was a Danish airline headquartered in Sønderborg and based at Copenhagen Airport. It flies exclusively for Scandinavian Airlines (SAS) on a wet lease (ACMI) contract.