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
Darwin Airline company. In early 2014, Etihad Regional leased four ATR 72-500s from Nordic Aviation Capital to expand routes from Geneva. From the end of March 2014, the airline withdrew its Ancona-Roma Fiumicino and Trapani-Roma Fiumicino routes, as a result of cabotage restrictions, which prevent Swiss aviation companies from operating domestic flights in the European Union. It was previously possible for Darwin Airline to fly these routes thanks to a derogation from the Italian Civil Aviation Authority, however, this was not renewed. In January 2014, Darwin Airline cancelled its Aosta-Roma Fiumicino route before it had commenced; a result of the same cabotage