-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JurdE6F5uH0cDae4Z8JYPVYzin9JV3bXn+Uopq33SPVYRF5WKYV9qMAp0XiAzBpS
 zWD6rxqC5q/hTjIWPCSBng==

<SEC-DOCUMENT>0000903423-05-000094.txt : 20050211
<SEC-HEADER>0000903423-05-000094.hdr.sgml : 20050211
<ACCEPTANCE-DATETIME>20050211141234
ACCESSION NUMBER:		0000903423-05-000094
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20050211
DATE AS OF CHANGE:		20050211
GROUP MEMBERS:		ENRIQUE CUETO PLAZA
GROUP MEMBERS:		IGNACIO CUETO PLAZA
GROUP MEMBERS:		INVERSIONES COSTA VERDE LIMITADA
GROUP MEMBERS:		INVERSIONES COSTA VERDE LIMITADA Y COMPANIA EN COMANDITA POR
GROUP MEMBERS:		JUAN JOSE CUETO PLAZA

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lan Airlines SA
		CENTRAL INDEX KEY:			0001047716
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, SCHEDULED [4512]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-50478
		FILM NUMBER:		05597173

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA AMERICO VESPUCIO
		STREET 2:		SUR NO 901 RENCA
		CITY:			SANTIAGO DE CHILE
		STATE:			F3
		ZIP:			00000
		BUSINESS PHONE:		5625652525

	MAIL ADDRESS:	
		STREET 1:		AV AMERICO VESPUCIO SUR 901
		STREET 2:		PISO RENCA
		CITY:			SANTIAGO
		STATE:			F3
		ZIP:			999999999

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LAN CHILE SA
		DATE OF NAME CHANGE:	19990427

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHILEAN AIRLINE SA  LANCHILE
		DATE OF NAME CHANGE:	19971010

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INVERSIONES COSTA VERDE LTD
		CENTRAL INDEX KEY:			0001219317
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		AMERICO VESPUCIO
		STREET 2:		SUR 901 RENCA
		CITY:			SANTIAGO
		STATE:			F3
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		AMERICO VESPUCIO
		STREET 2:		SUR 901 RENCA
		CITY:			SANTIAGO
		STATE:			F3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>lanchile-icvl13g0208.txt
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No.  )*


                                Lan Airlines S.A.
                                -----------------
                                (Name of Issuer)

                    Shares of Common Stock without par value
                    ----------------------------------------
                         (Title of Class of Securities)

                                 Not Applicable
                                 --------------
                                 (CUSIP Number)

                                    12/31/04
                                    --------
             (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

         |_|      Rule 13d-1(b)
         |_|      Rule 13d-1(c)
         |X|      Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


<PAGE>


- --------------------------
CUSIP No.  Not applicable         13G
- --------------------------


 1.  NAME OF REPORTING PERSONS
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

     Inversiones Costa Verde Limitada y Compania en Comandita por Acciones

 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a)|_|
                                                                 (b)|X|

 3.   SEC USE ONLY


 4.  CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile

                      5.  SOLE VOTING POWER
NUMBER OF
SHARES                    87,663,567
BENEFICIALLY
OWNED                 6.  SHARED VOTING POWER
BY EACH
REPORTING                 - 0 -
PERSON
WITH                  7.  SOLE DISPOSITIVE POWER

                          87,663,567

                      8.  SHARED DISPOSITIVE POWER

                          - 0 -


 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     87,663,567

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     27.5%

12.  TYPE OF REPORTING PERSON*

     CO
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>


- --------------------------
CUSIP No.  Not applicable         13G
- --------------------------


 1.  NAME OF REPORTING PERSONS
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

     Inversiones Costa Verde Limitada

 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a)|_|
                                                                 (b)|X|

 3.   SEC USE ONLY


 4.  CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile

                      5.  SOLE VOTING POWER
NUMBER OF
SHARES                    -0-
BENEFICIALLY
OWNED                 6.  SHARED VOTING POWER
BY EACH
REPORTING                 87,663,567
PERSON
WITH                  7.  SOLE DISPOSITIVE POWER

                          -0-

                      8.  SHARED DISPOSITIVE POWER

                          87,663,567


 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     87,663,567

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     27.5%

12.  TYPE OF REPORTING PERSON*

     CO
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>




- --------------------------
CUSIP No.  Not applicable         13G
- --------------------------


 1.  NAME OF REPORTING PERSONS
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

     Juan Jose Cueto Plaza

 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a)|_|
                                                                 (b)|X|

 3.   SEC USE ONLY


 4.  CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile

                      5.  SOLE VOTING POWER
NUMBER OF
SHARES                    -0-
BENEFICIALLY
OWNED                 6.  SHARED VOTING POWER
BY EACH
REPORTING                 87,663,567
PERSON
WITH                  7.  SOLE DISPOSITIVE POWER

                          -0-

                      8.  SHARED DISPOSITIVE POWER

                          87,663,567


 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     87,663,567

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     27.5%

12.  TYPE OF REPORTING PERSON*

     IN
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>


- --------------------------
CUSIP No.  Not applicable         13G
- --------------------------


 1.  NAME OF REPORTING PERSONS
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

     Ignacio Cueto Plaza

 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a)|_|
                                                                 (b)|X|

 3.   SEC USE ONLY


 4.  CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile

                      5.  SOLE VOTING POWER
NUMBER OF
SHARES                    -0-
BENEFICIALLY
OWNED                 6.  SHARED VOTING POWER
BY EACH
REPORTING                 87,663,567
PERSON
WITH                  7.  SOLE DISPOSITIVE POWER

                          -0-

                      8.  SHARED DISPOSITIVE POWER

                          87,663,567


 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     87,663,567

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     27.5%

12.  TYPE OF REPORTING PERSON*

     IN
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>


- --------------------------
CUSIP No.  Not applicable         13G
- --------------------------


 1.  NAME OF REPORTING PERSONS
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

     Enrique Cueto Plaza

 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a)|_|
                                                                 (b)|X|

 3.   SEC USE ONLY


 4.  CITIZENSHIP OR PLACE OF ORGANIZATION

     Chile

                      5.  SOLE VOTING POWER
NUMBER OF
SHARES                    -0-
BENEFICIALLY
OWNED                 6.  SHARED VOTING POWER
BY EACH
REPORTING                 87,663,567
PERSON
WITH                  7.  SOLE DISPOSITIVE POWER

                          -0-

                      8.  SHARED DISPOSITIVE POWER

                          87,663,567


 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     87,663,567

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

     27.5%

12.  TYPE OF REPORTING PERSON*

     IN
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>





Item 1(a).        Name of Issuer:
- ---------         Lan Airlines S.A. ("Lan Airlines")


Item 1(b).        Address of Issuer's Principal Executive Offices:
- ---------         Avenida Americo Vespucio Sur 901, Comuna de Renca,
                  Santiago, Chile


Item 2(a).        Name of Persons Filing:
- ---------


                  This Statement is filed, pursuant to Rule 13d-1(k)(1) under
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by the
persons listed below (the "Reporting Persons").

      (1)  Inversiones Costa Verde Limitada y Compania en Comandita por Acciones
      (2)  Inversiones Costa Verde Limitada
      (3)  Juan Jose Cueto Plaza
      (4)  Ignacio Cueto Plaza
      (5)  Enrique Cueto Plaza

                  As of December 31, 2004, Inversiones Costa Verde Limitada,
Juan Jose Cueto Plaza, Ignacio Cueto Plaza and Enrique Cueto Plaza held their
beneficial ownership interests in Lan Airlines through Inversiones Costa Verde
Limitada y Compania en Comandita por Acciones, which is a shareholder of Lan
Airlines.

                  Inversiones Costa Verde Limitada y Compania en Comandita por
Acciones is controlled by Mr. Juan Jose Cueto Plaza, Mr. Ignacio Cueto Plaza,
Mr. Enrique Cueto Plaza and others.

Item 2(b).        Address of Principal Office or, if None, Residence:
- ---------

        (1)  El Bosque Norte 0440, Piso 14, Las Condes, Santiago, Chile.
        (2)  Avenida Presidente Riesco 5711, 19th Floor, Santiago, Chile.
        (3)  Avenida Presidente Riesco 5711, 19th Floor, Santiago, Chile.
        (4)  Avenida Presidente Riesco 5711, 19th Floor, Santiago, Chile.
        (5)  Avenida Presidente Riesco 5711, 19th Floor, Santiago, Chile.


Item 2(c).        Citizenship or Place of Organization:
- ---------         See Item 4 on pages 2 through 6.


Item 2(d).        Title of Class of Securities:
- ---------         Shares of Common Stock without par value.


Item 2(e).        CUSIP Number:
- ---------         Not Applicable


Item 3.           Not Applicable
- ------

Item 4.           Ownership:
- ------

                  (a)    Amount beneficially owned:
                         See Item 9 on pages 2 through 6.

                  (b)    Percent of class:
                         See Item 11 on pages 2 through 6.

                  (c)    Number of shares as to which such person has:

                        (i) Sole power to vote or to direct the vote:
                            See Item 5 on pages 2 through 6.

                       (ii) Shared power to vote or to direct the vote:
                            See Item 6 on pages 2 through 6.

                      (iii) Sole power to dispose or to direct the
                            disposition of:
                            See Item 7 on pages 2 through 6.

                       (iv) Shared power to dispose or to direct the
                            disposition of:
                            See Item 8 on pages 2 through 6.

Item 5.           Ownership of Five Percent or Less of a Class:
- ------            Not Applicable


Item 6.           Ownership of More than Five Percent on Behalf of Another
- ------            Person:
                  Not Applicable

Item 7.           Identification and Classification of the Subsidiary Which
- ------            Acquired the Security Being Reported on by the Parent
                  Holding Company:
                  Not Applicable

Item 8.           Identification and Classification of Members of the Group:
- ------            Not Applicable


Item 9.           Notice of Dissolution of Group:
- ------            Not Applicable


Item 10.          Certification:
- -------           Not Applicable


         This filing amends and restates the information previously filed by the
Reporting Persons on Schedule 13G on February 13, 2004. This filing on Schedule
13G replaces all previous filings made by the Reporting Persons. Any future
changes in ownership by the Reporting Persons of common stock of Lan Airlines
that require the filing of an amendment will be reflected in the filing of a
Schedule 13G-A to this filing.

<PAGE>


                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                                    INVERSIONES COSTA VERDE LIMITADA Y
                                    COMPANIA EN COMANDITA POR ACCIONES
February 11, 2005
                                    By:  /s/ ENRIQUE CUETO PLAZA
                                         -------------------------------
                                             Name:   Enrique Cueto Plaza
                                             Title:  Legal Representative


                                    INVERSIONES COSTA VERDE LIMITADA
February 11, 2005
                                    By:  /s/ ENRIQUE CUETO PLAZA
                                         -------------------------------
                                             Name:   Enrique Cueto Plaza
                                             Title:  Legal Representative

February 11, 2005
                                    By:  /s/ ENRIQUE CUETO PLAZA
                                         -------------------------------
                                             Enrique Cueto Plaza


                                    JUAN JOSE CUETO PLAZA

February 11, 2005
                                    By:  /s/ ENRIQUE CUETO PLAZA
                                         -------------------------------
                                             Name:   Enrique Cueto Plaza
                                             Title:  Legal Representative


                                    IGNACIO CUETO PLAZA

February 11, 2005
                                    By:  /s/ ENRIQUE CUETO PLAZA
                                         -------------------------------
                                             Name:   Enrique Cueto Plaza
                                             Title:  Legal Representative


<PAGE>


                               Index of Exhibits

                                Index of Exhibits
                                -----------------

Exhibit No.                        Description
- -----------                        -----------


       1          Joint Filing Agreement by and among Inversiones Costa Verde
                  Limitada y Compania en Comandita por Acciones, Inversiones
                  Costa Verde Limitada, Juan Jose Cueto Plaza, Ignacio Cueto
                  Plaza and Enrique Cueto Plaza.+

       2          Power of Attorney by Inversiones Costa Verde Limitada y
                  Compania en Comandita por Acciones, Inversiones Costa Verde
                  Limitada, Juan Jose Cueto Plaza and Ignacio Cueto Plaza.+

- ------------------------

                  + Incorporated by reference to the Schedule 13G for the
                  Reporting Persons, File No. 005-50478, filed on February 13,
                  2004.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
