LATAM Express LATAM Express LATAM Express (Transporte Aéreo S.A.), previously known as LAN Express is a subsidiary of LATAM Chile. It operates some domestic and a few international routes for its parent. Its main base is Comodoro Arturo Merino Benítez International Airport, Santiago, Chile. The airline was formerly known as Ladeco and established in September 1958. Ladeco was acquired by LAN Chile in August 1995 following the approval of the Chilean Anti-monopolies Board. In October 1998 LAN Chile merged Ladeco with Fast Air. The brand was merged into LAN Airlines in 2004. The airline was renamed LATAM Express as a result of
Airline air carriers, to rescheme an airlines assets into a profitable organization or liquidating an air carrier of their profitable and worthwhile routes and business operations. Thus the last 50 years of the airline industry have varied from reasonably profitable, to devastatingly depressed. As the first major market to deregulate the industry in 1978, U.S. airlines have experienced more turbulence than almost any other country or region. In fact, no U.S. legacy carrier survived bankruptcy-free. Among the outspoken critics of deregulation, former CEO of American Airlines, Robert Crandall has publicly stated: "Chapter 11 bankruptcy protection filing shows airline industry deregulation was