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
Fresh Air (airline) Fresh Air (airline) Fresh Air was a cargo airline based in Ikeja, Lagos, Nigeria. It operated cargo charter services mainly within West Africa. Its main base was Murtala Mohammed International Airport, Lagos. The Nigerian government set a deadline of April 30, 2007 for all airlines operating in the country to re-capitalize or be grounded, in an effort to ensure better services and safety. Seven airlines failed to meet the deadline and as a result would not be allowed fly in Nigeria’s airspace with effect from April 30, 2007. These were: ADC Airlines, Fresh Air, Sosoliso Airlines, Albarka Air, Chrome Air