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TRANSACTIONS WITH RELATED PARTIES (Tables) | 12 Months Ended
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Dec. 31, 2018
Commitments |
Schedule of related party transactions |
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 |  |  |  | - |  |  |  | - |
Schedule of key management personnel compensation |
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 |

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