Chile · Aviation · Corporate Control

— Key Facts

—The company. LATAM is South America’s largest airline group, flying out of hubs in São Paulo, Lima and Santiago.

—The control bloc. Two foreign carriers, Qatar Airways and Delta, plus Chile’s founding Cueto family, steer the airline through a binding shareholder pact.

—The stakes. Delta and Qatar each hold close to a tenth of the shares, while the Cueto family keeps an influential minority position.