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
Mount Cook Airline Mount Cook Airline Mount Cook Airline, a subsidiary of Air New Zealand, is a regional airline based in Christchurch, New Zealand. Formerly part of the Mount Cook Group, it now operates scheduled services throughout the country under the Air New Zealand Link brand. The airline operates the ATR 72-500 and ATR 72-600 aircraft, and all its aircraft wear the Air New Zealand livery. Its main base is Christchurch International Airport. The airline was established and started operations in 1920 at Timaru by Rodolph Lysaght Wigley, who in 1906 had driven the first motor car to The Hermitage. Wigley bought five