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
Business class airline Business class airline A business class airline was an airline concept which emerged during the mid-first decade of the 21st century involving a number of airlines that operated all-business class service. Currently, only one all business class airline, La Compagnie, which was founded in 2013, provides an all business class service between Charles de Gaulle Airport in Paris and Newark Liberty International Airport. Service is currently provided using two Boeing 757-200 aircraft, to be supplemented with two Airbus A321neos from 2019. Additionally, a startup known as Odyssey Airlines is planning to launch all business class flight from London City Airport