ACCOUNTS RECEIVABLE FROM/PAYABLE TO RELATED ENTITIES

12 Months Ended

Dec. 31, 2018

Trade and other receivables [abstract]

ACCOUNTS RECEIVABLE FROM/PAYABLE TO RELATED ENTITIES

NOTE 9 - ACCOUNTS RECEIVABLE FROM/PAYABLE TO RELATED ENTITIES

(a) Accounts Receivable

					As of		As of
			Country		December 31,		December 31,
Tax No.	Related party	Relationship	of origin	Currency	2018		2017
					ThUS$		ThUS$
Foreign	Qatar Airways	Indirect shareholder	Qatar	US$		1,907		1,845
78.591.370-1	Bethia S.A. and Subsidiaries	Related director	Chile	CLP		988		728
Foreign	TAM Aviação Executiva e
	Taxi Aéreo S.A.	Common shareholder	Brazil	BRL		-		2
87.752.000-5	Granja Marina Tornagaleones S.A.	Common shareholder	Chile	CLP		31		5
96.810.370-9	Inversiones Costa Verde
	Ltda. y CPA.	Related director	Chile	CLP		5		2
	Total current assets					2,931		2,582

(b) Accounts payable

					As of		As of
			Country		December 31,		December 31,
Tax No.	Related party	Relationship	of origin	Currency	2018		2017
					ThUS$		ThUS$
78.591.370-1	Bethia S.A. and Subsidiaries	Related director	Chile	CLP		365		546
Foreign	Inversora Aeronáutica Argentina S.A.	Related director	Argentina	US$		15		4
Foreign	Consultoría Administrativa
	Profesional S.A. de C.V.	Related company	México	MXN		-		210
Foreign	TAM Aviação Executiva
	e Taxi Aéreo S.A.	Common shareholder	Brazil	BRL		2		-
	Total current liabilities					382		760

Transactions between related parties have been carried out on free-trade conditions between interested and duly-informed parties. The transaction times are between 30 and 45 days, and the nature of settlement of the transactions is monetary.