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
History of Iberia (airline) with the visit of Pope and the football World Cup. By 1987 routes to Tel Aviv, Khartoum, Moscow and Tokyo were added. In the late 1980s/early 1990s Iberia planned a fleet renewal with the McDonnell Douglas MD-87, Airbus A320 and Airbus A340 replacing the Douglas DC-9, Boeing 727 and Douglas DC-10 respectively. A number of Boeing 757s were also bought. At this time Iberia began to build up interests in other Spanish airlines – Aviaco, Viva Air, Binter Canarias and Binter Mediterráneo – and Latin American airlines Aerolíneas Argentinas, Viasa and Ladeco. In June 1990 the company led a consortium