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
Airline codes Airline codes This is a list of airline codes. The table lists IATA's two-character airline designators, ICAO's three-character airline designators and the airline call signs (telephony designator). Historical assignments are also included. IATA airline designators, sometimes called IATA reservation codes, are two-character codes assigned by the International Air Transport Association (IATA) to the world's airlines. The standard is described in IATA's "Standard Schedules Information Manual" and the codes themselves are described in IATA's "Airline Coding Directory". (Both are published twice-annually.) The IATA codes originally based on the ICAO designators which were issued in 1947 as two-letter airline identification codes (see