Santiago, Chile, March 16, 2017– LATAM Airlines Group informs that Ignacio Cueto Plaza, the current General Manager of LAN, will leave the company's senior management team in mid-April and is applying to become a member of the group's board of directors.

"This change is part of a reorganization being implemented across various areas of the group to build a simpler and more efficient administration, which can navigate the complex macroeconomic context and an increasingly challenging competitive environment. With this strategy, today we are already seeing positive advances both in our financial results and the changes we are making for customers" said Ignacio Cueto.

He also highlighted that: "This step is part of a natural process, which as controlling shareholders, we have been evaluating over the past few years. The decision to leave the day-to-day management of the company to be able to contribute my experience and vision of the industry from the board of directors is what is needed for LATAM today."