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
Kato Airline Kato Airline Kato Airline AS, trading as Kato Air, was an airline which operated in Northern Norway between 1995 and 2008. Although also operating some smaller aircraft, the main portion of the airline's fleet were two Dornier Do 228. The airline was based at the grounds of Harstad/Narvik Airport, Evenes in Evenes. Commercial operations began in 1996. An early contract was fling newspapers out of Harstad. During 1999 the airline took delivery of two Do 228s and started a scheduled service from Harstad/Narvik to Bodø and Tromsø. The route was not viable and closed later that year. In the process