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
Level (airline) Level (airline) Level, styled as LEVEL, is an airline brand of the International Airlines Group (IAG). While Level is expected to become an independent subsidiary airline of IAG with its own operator certificate, most likely based in Spain, long-haul flights for the brand are currently operated by Iberia from Barcelona and OpenSkies from Paris, while short-haul flights from Vienna are operated by Anisec Luftfahrt. Level was marketed initially as a low-cost, long-haul carrier, and began transatlantic services from Barcelona–El Prat Airport in June 2017. In July 2018, Level expanded with long-haul services from Paris Orly Airport which eventually took over