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GOODWILL AND INTANGIBLE ASSETS OF INDEFINITE USEFUL LIFE (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets of Indefinite Useful Life [Abstract]

Schedule of movement of goodwill

		Air Transport				Coalition and loyalty program Multiplus				Total
		ThUS$				ThUS$				ThUS$
Opening balance as of January 1, 2018			2,146,692				525,858				2,672,550
Increase (decrease) due to exchange rate differences			(300,203	)			(76,922	)			(377,125	)
Adjustment IAS 29, hyperinflation Argentina			335				-				335
Others			(1,688	)			-				(1,688	)
Closing balance as of December 31, 2018			1,845,136				448,936				2,294,072
Opening balance as of January 1, 2019			1,845,136				448,936				2,294,072
Increase (decrease) due to exchange rate differences			(67,133	)			(17,363	)			(84,496	)
Transfer from Multiplus S.A. (see nota 1)			431,573				(431,573	)			-
Closing balance as of December 31, 2019			2,209,576				-				2,209,576
Opening balance as of January 1, 2020			2,209,576				-				2,209,576
Increase (decrease) due to exchange rate differences			(480,601	)			-				(480,601	)
Impairment loss			(1,728,975	)			-				(1,728,975	)
Closing balance as of December 31, 2020			-				-				-

Schedule of recoverable values

						Air transportation CGU
Annual growth rate (Terminal)			%				1.1
Exchange rate (1)			R$/US$				4.8 - 5.2
Discount rate based on the weighted average cost of capital (WACC) (2)			%				8.0 - 19.4
Fuel Price from futures price curves commodities markets			US$/barrel				52-75

						Air Transportation CGU
Annual growth rate (terminal)			%			0.6-1.6
Exchange rate (1)			R$/US$			5.4-5.6
Discount rate based on weighted average cost of capital (WACC - Weighted Average Cost of Capital)			%			8.65-9.65
Fuel price from future price curves of the commodity markets.			US$/barril			60-78

Schedule of single rate the possible impairment scenario

			Actual				7.5%				8.0%				9.0%				10.0%
WACC			MUS$				MUS$				MUS$				MUS$				MUS$
Excess (Impairment)			(1,716	)			381				(564	)			(2,095	)			(3,280	)

Schedule of CGU is sensitive to annual growth, discount and exchange rates

		Increase		Decrease rate
		WACC		terminal growth
		Maximum		minimal
		%		%
Air Transportation CGU		9.65		0.6

X

- Definition

The disclosure of the reconciliation of changes in goodwill. [Refer: Goodwill]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 3
-IssueDate 2020-01-01
-Paragraph B67
-Subparagraph d
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2020-en-r&anchor=para_B67_d&doctype=Appendix&subtype=B
-URIDate 2020-01-01

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