[3] LAN Peru was established in July 1998 by the entrepreneurs Mr. Boris Hirmas Rubio, Lorenzo Sousa Debarbieri, Cristian Said and Dr Javier Rodriguez Larrain and LAN-Chile in Lima.

In 2004, a court order temporarily suspended flights because of alleged irregularities in the company's incorporation.Subsequently, the ruling party generated controversy for questioning the work of Judge Eloy Zamalloa, who denounced the promulgation of a decree law that opposed such a judicial decision.

In October 2006, LAN Perú obtained authorization from the Peruvian DGAC to operate as an Aeronautical Maintenance Workshop (TMA), granting it the number 029.

Subsequently, on May 5, 2016 (almost 6 years after the beginning of the merger with TAM Líneas Aéreas) it began to operate officially and definitively as LATAM Airlines, which meant the change of corporate image and brand, which is estimated to cost $60 million US dollars.

On 26 May 2020, the LATAM Airlines Group filed for Chapter 11 bankruptcy in the United States due to economic problems attributed to the impact of the COVID-19 pandemic on aviation, although they are currently operating and have been negotiating terms.