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TRANSACTIONS WITH RELATED PARTIES | 12 Months Ended
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Dec. 31, 2022
TRANSACTIONS WITH RELATED PARTIES [Abstract] |
TRANSACTIONS WITH RELATED PARTIES | NOTE 32 - TRANSACTIONS WITH RELATED PARTIES (a) Details of transactions with related parties as follows:
|  |  |  |  |  |  |  |  |  |  |  | Transaction amount |
|  |  |  | Nature of |  |  |  | Nature of |  |  |  | with related parties |
|  |  |  | relationship with |  |  |  | related |  |  |  | As of December 31, |
Tax No. |  | Related party |  | related parties |  | Country of origin |  | parties transactions |  | Currency |  | 2022 |  |  | 2021 |  |  | 2020 |
|  |  |  |  |  |  |  |  |  |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
96.810.370-9 |  | Inversiones Costa Verde Ltda. y CPA. |  | Related director |  | Chile |  | Tickets sales |  | CLP |  |  | 87 |  |  |  | 23 |  |  |  | 28 |
81.062.300-4 |  | Costa Verde Aeronautica S.A. |  | Common shareholder |  | Chile |  | Loans received (*) |  | US$ |  |  | (231,714 | ) |  |  | (35,412 | ) |  |  | (100,013 | )
|  |  |  |  |  |  |  | Interest received (*) |  | US$ |  |  | (21,329 | ) |  |  | (34,694 | ) |  |  | (5,700 | )
|  |  |  |  |  |  |  | Capital contribution |  | US$ |  |  | 170,962 |  |  |  | - |  |  |  | - |
87.752.000-5 |  | Granja Marina Tornagaleones S.A. |  | Common shareholder |  | Chile |  | Services provided |  | CLP |  |  | 36 |  |  |  | 26 |  |  |  | 13 |
96.989.370-3 |  | Rio Dulce S.A. |  | Related director |  | Chile |  | Tickets sales |  | CLP |  |  | 2 |  |  |  | 9 |  |  |  | 5 |
Foreign |  | Patagonia Seafarms INC |  | Related director |  | U.S.A |  | Services provided of cargo transport |  | US$ |  |  | - |  |  |  | 15 |  |  |  | 40 |
Foreign |  | Inversora Aeronáutica Argentina S.A. |  | Related director |  | Argentina |  | Real estate leases received |  | ARS |  |  | (63 | ) |  |  | - |  |  |  | - |
|  |  |  |  |  |  |  |  |  | USD |  |  | - |  |  |  | - |  |  |  | - |
Foreign |  | TAM Aviação Executiva e Taxi Aéreo S.A. |  | Common shareholder |  | Brazil |  | Services provided of passenger transport |  | BRL |  |  | 4 |  |  |  | 12 |  |  |  | 13 |
Foreign |  | Qatar Airways |  | Indirect shareholder |  | Qatar |  | Interlineal received service |  | US$ |  |  | (23,110 | ) |  |  | (6,387 | ) |  |  | (4,736 | )
|  |  |  |  |  |  |  | Services provided by aircraft lease |  | US$ |  |  | - |  |  |  | - |  |  |  | 22,215 |
|  |  |  |  |  |  |  | Interlineal provided service |  | US$ |  |  | 37,855 |  |  |  | 6,283 |  |  |  | 3,141 |
|  |  |  |  |  |  |  | Services provided of handling |  | US$ |  |  | 692 |  |  |  | 1,493 |  |  |  | 1,246 |
|  |  |  |  |  |  |  | Services received miles |  | US$ |  |  | (4,974 | ) |  |  | - |  |  |  | - |
|  |  |  |  |  |  |  | Compensation for early return of aircraft |  | US$ |  |  | - |  |  |  | - |  |  |  | 9,240 |
|  |  |  |  |  |  |  | Services provided / received others |  | US$ |  |  | (434 | ) |  |  | (963 | ) |  |  | 1,160 |
Foreign |  | Delta Air Lines, Inc. |  | Shareholder |  | U.S.A |  | Interlineal received service |  | US$ |  |  | (111,706 | ) |  |  | (11,768 | ) |  |  | (4,160 | )
|  |  |  |  |  |  |  | Interlineal provided service |  | US$ |  |  | 102,580 |  |  |  | 7,695 |  |  |  | 4,357 |
|  |  |  |  |  |  |  | Loans received (*) |  | US$ |  |  | (233,008 | ) |  |  | - |  |  |  | - |
|  |  |  |  |  |  |  | Interest received (*) |  | US$ |  |  | (10,374 | ) |  |  | - |  |  |  | - |
|  |  |  |  |  |  |  | Capital contribution |  | US$ |  |  | 163,979 |  |  |  | - |  |  |  | - |
|  |  |  |  |  |  |  | Services provided of handling |  | US$ |  |  | (4,340 | ) |  |  | - |  |  |  | - |
|  |  |  |  |  |  |  | Engine sale |  | US$ |  |  | 19,405 |  |  |  | - |  |  |  | - |
|  |  |  |  |  |  |  | Services provided maintenance |  | US$ |  |  | - |  |  |  | (59 | ) |  |  | 3,310 |
|  |  |  |  |  |  |  | Services provided / received others |  | US$ |  |  | (1,893 | ) |  |  | (318 | ) |  |  | 30 |
Foreign |  | QA Investments Ltd |  | Common shareholder |  | U.K. |  | Loans received (*) |  | US$ |  |  | (240,440 | ) |  |  | (44,266 | ) |  |  | (125,016 | )
|  |  |  |  |  |  |  | Interest received (*) |  | US$ |  |  | (26,153 | ) |  |  | (43,367 | ) |  |  | (7,125 | )
|  |  |  |  |  |  |  | Capital contribution |  | US$ |  |  | 163,979 |  |  |  | - |  |  |  | - |
Foreign |  | QA Investments 2 Ltd |  | Common shareholder |  | U.K. |  | Loans received (*) |  | US$ |  |  | (7,414 | ) |  |  | (44,266 | ) |  |  | (125,016 | )
|  |  |  |  |  |  |  | Interest received (*) |  | US$ |  |  | (15,780 | ) |  |  | (43,367 | ) |  |  | (7,125 | )
Foreign |  | Lozuy S.A. |  | Common shareholder |  | Uruguay |  | Loans received (*) |  | US$ |  |  | (57,928 | ) |  |  | (8,853 | ) |  |  | (25,003 | )
|  |  |  |  |  |  |  | Interest received (*) |  | US$ |  |  | (5,332 | ) |  |  | (8,673 | ) |  |  | (1,425 | )
| (*) | Operations corresponding to DIP loans tranche C.
The balances corresponding to Accounts receivable and accounts payable to related entities are disclosed in Note 9. Transactions between related parties have been carried out under market conditions and duly informed. (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, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Remuneration |  |  | 10,651 |  |  |  | 9,981 |  |  |  | 8,395 |
Board compensation |  |  | 1,109 |  |  |  | 1,016 |  |  |  | 257 |
Non-monetary benefits |  |  | 565 |  |  |  | 501 |  |  |  | 1,719 |
Short-term benefits |  |  | 11,814 |  |  |  | 16,639 |  |  |  | 13,624 |
Termination benefits (*) |  |  | 1,157 |  |  |  | 513 |  |  |  | 4,539 |
Total |  |  | 25,296 |  |  |  | 28,650 |  |  |  | 28,534 |
| (*) | Includes termination benefits ThUS $ 1,157 related to the reorganization within the framework of Chapter 11 and classified as expenses of restructuring activities, for the 12 months ended December 31, 2022. (Note 26 d).

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