LADECO RENAMED LANCARGO CHILE

LADECO RENAMED LANCARGO CHILE    The shareholders of Ladeco S.A., the main subsidiary of Lan Chile S.A., have approved the renaming of Ladeco to “LanCargo Chile”.
   LanCargo Chile will now form part of the company’s newly formed LanCargo Group, as one of its main subsidiaries. This is the first major step in LanChile’s passenger and cargo restructuring plan, aimed at creating distinct passenger and cargo companies under the LanChile corporate holding company.
   The company expects to improve internal transparency and accountability, facilitate the incorporation of strategic partners within each area, to better enable both business areas to reach their full potential.
   Lan Chile S.A.'s cargo group offers airport-to-airport, courier, door-to-door and logistics services to more than 20 countries with a specific focus on Latin America.