TRANSACTIONS WITH RELATED PARTIES

12 Months Ended

Dec. 31, 2018

Disclosure of transactions between related parties [abstract]

TRANSACTIONS WITH RELATED PARTIES

NOTE 33 - TRANSACTIONS WITH RELATED PARTIES

(a) Details of transactions with related parties as follows:

						Transaction amount
		Nature of		Nature of		with related parties
		relationship with	Country	related parties		As of December 31,
Tax No.	Related party	related parties	of origin	transactions	Currency	2018			2017			2016
						ThUS$			ThUS$			ThUS$
96.810.370-9	Inversiones Costa Verde Ltda. y CPA.	Related  director	Chile	Tickets sales	CLP		16			18			6
65.216.000-K	Comunidad Mujer	Related  director	Chile	Tickets sales	CLP		-			14			9
				Services provided for advertising	CLP		-			-			(12	)
78.591.370-1	Bethia S.A and subsidiaries	Related  director	Chile	Services received of cargo transport	CLP		1,778			1,643			(394	)
				Services received from National and International
				Courier	CLP		(85	)		(382	)		(285	)
				Services provided of cargo transport	CLP		-			(17	)		192
				Sales commissions	CLP		(821	)		(761	)		(727	)
				Services received of transfer of passengers	CLP		112			-			-
				Services received advertising	CLP		(1,025	)		-			-
79.773.440-3	Transportes San Felipe S.A	Related  director	Chile	Services received of transfer of passengers	CLP		-			-			(84	)
				Tickets sales	CLP		-			1			3
87.752.000-5	Granja Marina Tornagaleones S.A.	Common shareholder	Chile	Tickets sales	CLP		51			72			76
Foreign	Consultoría Administrativa
	Profesional S.A. de C.V.	Associate	Mexico	Professional counseling services received	MXN		-			(2,357	)		(2,563	)
Foreign	Inversora Aeronáutica Argentina	Related  director	Argentina	Property leases received	ARS$		(231	)		(251	)		(264	)
Foreign	TAM Aviação Executiva
	e Taxi Aéreo S/A	Common shareholder	Brazil	Services provided	BRL		62			45			(120	)
				Services received of cargo transport	BRL		8			-			-
				Services received at airports	BRL		(2	)		(39	)		7
Foreign	Qatar Airways	Indirect shareholder	Qatar	Services provided by aircraft lease	US$		21,321			31,707			-
				Interlineal received service	US$		(6,345	)		(2,139	)		-
				Interlineal provided  service	US$		8,635			5,279			-
				Services provided of handling	US$		1,392			1,002			-
				Services provided / received others	US$		1,805			-			-

The balances of Accounts receivable and accounts payable to related parties are disclosed in Note 9.

Transactions between related parties have been carried out under market conditions between interested and duly informed parties.

(b) Compensation of key management

The Company has defined for these purposes that key management personnel are the executives who define the Company’s policies and major guidelines and who directly affect the results of the business, considering the levels of Vice-Presidents, Chief Executives and Directors (Senior).

	For the year ended
	December 31,
	2018			2017		2016
	ThUS$			ThUS$		ThUS$
Remuneration		14,841			17,826		16,514
Management fees		307			468		556
Non-monetary benefits		748			740		778
Short-term benefits		45,653			36,970		23,459
Long-term benefits		2,412			-		-
Share-based payments		(7,210	)		13,173		8,085
Termination benefits		1,404			-		-
Total		58,155			69,177		49,392