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TRANSACTIONS WITH RELATED PARTIES | 12 Months Ended
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Dec. 31, 2021
TRANSACTIONS WITH RELATED PARTIES [Abstract] |
TRANSACTIONS WITH RELATED PARTIES | NOTE 33 - TRANSACTIONS WITH RELATED PARTIES
| (a) | Details of transactions with related parties as follows:
|  |  |  | Nature of relationship with related |  | Country |  | Nature of related parties |  |  |  |  | Transaction amount with related parties As of December 31, |
Tax No. |  | Related party |  | parties |  | of origin |  | transactions |  | Currency |  |  | 2021 |  |  | 2020 |  |  | 2019 |
|  |  |  |  |  |  |  |  |  |  |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
96.810.370-9 |  | Inversiones Costa Verde Ltda. y CPA. |  | Related director |  | Chile |  | Tickets sales |  |  |  |  | 23 |  |  | 28 |  |  | 16 |
|  |  |  |  |  |  |  | Loans received (*) |  | CLP |  |  | (35,412 | ) |  | (100,013 | ) |  | - |
|  |  |  |  |  |  |  | Interest accrued (*) |  | CLP |  |  | (34,694 | ) |  | (5,700 | ) |  | - |
78.591.370-1 |  | Bethia S.A and subsidiaries |  | Related director |  | Chile |  | Services provided of cargo transport |  | CLP |  |  | - |  |  | - |  |  | 556 |
|  |  |  |  |  |  |  | Services received from National and International Courier |  | CLP |  |  | - |  |  | - |  |  | (3 | )
|  |  |  |  |  |  |  | Sales commissions |  | CLP |  |  | - |  |  | - |  |  | (218 | )
|  |  |  |  |  |  |  | Services received advertising |  | CLP |  |  | - |  |  | - |  |  | (726 | )
87.752.000-5 |  | Granja Marina Tornagaleones S.A. |  | Common shareholder |  | Chile |  | Services provided |  | CLP |  |  | 26 |  |  | 13 |  |  | 61 |
76.335.600-0 |  | Parque de Chile S.A. |  | Related director |  | Chile |  | Tickets sales |  | CLP |  |  | - |  |  | - |  |  | 9 |
96.989.370-3 |  | Rio Dulce S.A. |  | Related director |  | Chile |  | Tickets sales |  | CLP |  |  | 9 |  |  | 5 |  |  | - |
Foreign |  | Patagonia Seafarms INC |  | Related director |  | U.S.A |  | Services provided of cargo transport |  |  |  |  | 15 |  |  | 40 |  |  | - |
Foreign |  | TAM Aviação Executiva e Taxi Aéreo S.A. |  | Common shareholder |  | Brazil |  | Services provided |  | BRL |  |  | 12 |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Services provided of cargo transport |  | BRL |  |  | - |  |  | 13 |  |  | 58 |
|  |  |  |  |  |  |  | Services received |  | BRL |  |  | - |  |  | - |  |  | 2 |
Foreign |  | Qatar Airways |  | Indirect shareholder |  | Qatar |  | Services provided by aircraft lease |  | US$ |  |  | - |  |  | 22,215 |  |  | 39,528 |
|  |  |  |  |  |  |  | Interlineal received service |  | US$ |  |  | (6,387 | ) |  | (4,736 | ) |  | (2,050 | )
|  |  |  |  |  |  |  | Interlineal provided service |  | US$ |  |  | 6,283 |  |  | 3,141 |  |  | 3,739 |
|  |  |  |  |  |  |  | Services provided of handling |  | US$ |  |  | 1,493 |  |  | 1,246 |  |  | 1,106 |
|  |  |  |  |  |  |  | Compensation for early return of aircraft |  | US$ |  |  | - |  |  | 9,240 |  |  | - |
|  |  |  |  |  |  |  | Services provided / received others |  | US$ |  |  | (963 | ) |  | 1,160 |  |  | 996 |
Foreign |  | Delta Air Lines, Inc. |  | Shareholder |  | U.S.A |  | Interlineal received service |  | US$ |  |  | (11,768 | ) |  | (4,160 | ) |  | - |
|  |  |  |  |  |  |  | Interlineal provided service |  | US$ |  |  | 7,695 |  |  | 4,357 |  |  | - |
|  |  |  |  |  |  |  | Compensation for cancellation of aircraft purchase |  | US$ |  |  | - |  |  | 62,000 |  |  | - |
|  |  |  |  |  |  |  | Compensation for cancellation of aircraft purchase |  | US$ |  |  | (59 | ) |  | 3,310 |  |  | - |
|  |  |  |  |  |  |  | Compensation for cancellation of aircraft purchase |  | US$ |  |  | (318 | ) |  | 30 |  |  | - |
Foreign |  | QA Investments Ltd |  | Common shareholder |  | Jersey Channel Islands |  | (*)Loans received |  | US$ |  |  | (8,853 | ) |  | (125,016 | ) |  | - |
|  |  |  |  |  |  |  | (*)Interest accrued |  | US$ |  |  | (8,673 | ) |  | (7,125 | ) |  | - |
Foreign |  | QA Investments 2 Ltd |  | Common shareholder |  | Jersey Channel Islands |  | (*)Loans received |  | US$ |  |  | (44,266 | ) |  | (125,016 | ) |  | - |
|  |  |  |  |  |  |  | (*)Interest accrued |  | US$ |  |  | (43,367 | ) |  | (7,125 | ) |  | - |
Foreign |  | Lozuy S.A. |  | Common shareholder |  | Uruguay |  | (*)Loans received |  | US$ |  |  | (44,266 | ) |  | (25,003 | ) |  | - |
|  |  |  |  |  |  |  | (*)Interest accrued |  | US$ |  |  | (43,367 | ) |  | (1,425 | ) |  | - |
(*) | Corresponding to DIP tranche C.
The balances of Accounts receivable and accounts payable to related parties are disclosed in Note 9. Transactions between related parties have been carried out at arm’s length basis.
| (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 macro guidelines and who directly affect the results of the business, considering the levels of Vice-Presidents, Chief Executives and Senior Directors.
|  | For the year ended |
|  | December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Remuneration |  |  | 9,981 |  |  |  | 8,395 |  |  |  | 13,701 |
Management fees |  |  | 1,016 |  |  |  | 257 |  |  |  | 411 |
Non-monetary benefits |  |  | 501 |  |  |  | 1,719 |  |  |  | 1,815 |
Short-term benefits |  |  | 16,639 |  |  |  | 13,624 |  |  |  | 31,124 |
Long-term benefits |  |  | - |  |  |  | - |  |  |  | 8,577 |
Share-based payments |  |  | - |  |  |  | - |  |  |  | 3,296 |
Termination benefits |  |  | 513 |  |  |  | 4,539 |  |  |  | 1,428 |
Total |  |  | 28,650 |  |  |  | 28,534 |  |  |  | 60,352 |

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- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2021-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=24&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2021-03-24 + Details
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