Detail of significant subsidiaries and summarized financial information:
| Ownership | ||||||||||||
| As of | As of | |||||||||||
| Country of | Functional | December 31, | December 31, | |||||||||
| Name of significant subsidiary | incorporation | currency | 2017 | 2016 | ||||||||
| % | % | |||||||||||
| Lan Perú S.A. | Peru | US$ | 70.00000 | 70.00000 | ||||||||
| Lan Cargo S.A. | Chile | US$ | 99.89803 | 99.89803 | ||||||||
| Lan Argentina S.A. | Argentina | ARS | 99.86560 | 99.86560 | ||||||||
| Transporte Aéreo S.A. | Chile | US$ | 100.00000 | 100.00000 | ||||||||
| Aerolane Líneas Aéreas Nacionales del Ecuador S.A. | Ecuador | US$ | 100.00000 | 100.00000 | ||||||||
| Aerovías de Integración Regional, AIRES S.A. | Colombia | COP | 99.19061 | 99.19061 | ||||||||
| TAM S.A. | Brazil | BRL | 99.99938 | 99.99938 | ||||||||