SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Lan Airlines S.A.
-----------------
(Name of Issuer)
Shares of Common Stock without par value
----------------------------------------
(Title of Class of Securities)
Not Applicable
--------------
(CUSIP Number)
12/31/04
--------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
- --------------------------
CUSIP No. Not applicable 13G
- --------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Inversiones Santa Cecilia S.A.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Chile
5. SOLE VOTING POWER
NUMBER OF
SHARES 21,974,909
BENEFICIALLY
OWNED 6. SHARED VOTING POWER
BY EACH
REPORTING -0-
PERSON
WITH 7. SOLE DISPOSITIVE POWER
21,974,909
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,974,909
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
12. TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------
CUSIP No. Not applicable 13G
- --------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Axxion S.A.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Chile
5. SOLE VOTING POWER
NUMBER OF
SHARES 65,827,874
BENEFICIALLY
OWNED 6. SHARED VOTING POWER
BY EACH
REPORTING -0-
PERSON
WITH 7. SOLE DISPOSITIVE POWER
65,827,874
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,827,874
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
20.6%
12. TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------
CUSIP No. Not applicable 13G
- --------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Bancard Inversiones Limitada
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Chile
5. SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED 6. SHARED VOTING POWER
BY EACH
REPORTING -0-
PERSON
WITH 7. SOLE DISPOSITIVE POWER
-0-
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
12. TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------
CUSIP No. Not applicable 13G
- --------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Bancorp Limitada
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Chile
5. SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED 6. SHARED VOTING POWER
BY EACH
REPORTING 87,802,783
PERSON
WITH 7. SOLE DISPOSITIVE POWER
-0-
8. SHARED DISPOSITIVE POWER
87,802,783
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,802,783
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
27.5%
12. TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------
CUSIP No. Not applicable 13G
- --------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Sebastian Pinera Echenique
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Chile
5. SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED 6. SHARED VOTING POWER
BY EACH
REPORTING 87,802,783
PERSON
WITH 7. SOLE DISPOSITIVE POWER
-0-
8. SHARED DISPOSITIVE POWER
87,802,783
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,802,783
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
27.5%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------
CUSIP No. Not applicable 13G
- --------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Magdalena Maria Pinera Morel
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Chile
5. SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED 6. SHARED VOTING POWER
BY EACH
REPORTING 87,802,783
PERSON
WITH 7. SOLE DISPOSITIVE POWER
-0-
8. SHARED DISPOSITIVE POWER
87,802,783
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,802,783
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
27.5%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------
CUSIP No. Not applicable 13G
- --------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Maria Cecilia Pinera Morel
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Chile
5. SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED 6. SHARED VOTING POWER
BY EACH
REPORTING 87,802,783
PERSON
WITH 7. SOLE DISPOSITIVE POWER
-0-
8. SHARED DISPOSITIVE POWER
87,802,783
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,802,783
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
27.5%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------
CUSIP No. Not applicable 13G
- --------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Sebastian Pinera Morel
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Chile
5. SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED 6. SHARED VOTING POWER
BY EACH
REPORTING 87,802,783
PERSON
WITH 7. SOLE DISPOSITIVE POWER
-0-
8. SHARED DISPOSITIVE POWER
87,802,783
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,802,783
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
27.5%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------
CUSIP No. Not applicable 13G
- --------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Cristobal Pinera Morel
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Chile
5. SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED 6. SHARED VOTING POWER
BY EACH
REPORTING 87,802,783
PERSON
WITH 7. SOLE DISPOSITIVE POWER
-0-
8. SHARED DISPOSITIVE POWER
87,802,783
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,802,783
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
27.5%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------
CUSIP No. Not applicable 13G
- --------------------------
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Cecilia Morel Montes
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|X|
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Chile
5. SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY
OWNED 6. SHARED VOTING POWER
BY EACH
REPORTING 87,802,783
PERSON
WITH 7. SOLE DISPOSITIVE POWER
-0-
8. SHARED DISPOSITIVE POWER
87,802,783
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,802,783
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
27.5%
12. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1(a). Name of Issuer:
Lan Airlines S.A. ("Lan Airlines")
Item 1(b). Address of Issuer's Principal Executive Offices:
Avenida Americo Vespucio Sur 901, Comuna de Renca, Santiago,
Chile
Item 2(a). Name of Persons Filing:
This Statement is filed, pursuant to Rule 13d-1(k)(1) under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), by the persons
listed below (the "Reporting Persons").
(1) Inversiones Santa Cecilia S.A.
(2) Axxion S.A.
(3) Bancard Inversiones Limitada
(4) Bancorp Limitada
(5) Sebastian Pinera Echenique
(6) Magdalena Maria Pinera Morel
(7) Maria Cecilia Pinera Morel
(8) Sebastian Pinera Morel
(9) Cristobal Pinera Morel
(10) Cecilia Morel Montes
As of December 31, 2004, Bancorp Limitada, Sebastian Pinera
Echenique, Magdalena Maria Pinera Morel, Maria Cecilia Pinera Morel, Sebastian
Pinera Morel, Cristobal Pinera Morel and Cecilia Morel Montes held their
beneficial ownership interests in Lan Airlines through Axxion S.A. and
Inversiones Santa Cecilia S.A., which are both shareholders of Lan Airlines.
Axxion S.A is controlled by Inversiones Santa Cecilia S.A.
Inversiones Santa Cecilia S.A. is owned by Bancorp Limitada. Bancorp Limitada is
owned by Mr. Sebastian Pinera Echenique, Ms. Magdalena Maria Pinera Morel, Ms.
Maria Cecilia Pinera Morel, Mr. Sebastian Pinera Morel, Mr. Cristobal Pinera
Morel and Ms. Cecilia Morel Montes.
Item 2(b). Address of Principal Office or, if None, Residence:
(1) Apoquindo 3000, Piso 18, Las Condes, Santiago, Chile.
(2) Apoquindo 3000, Oficina 1602, Las Condes, Santiago, Chile.
(3) Apoquindo 3000, Oficina 1602, Las Condes, Santiago, Chile.
(4) Apoquindo 3000, Oficina 1602, Las Condes, Santiago, Chile.
(5) Apoquindo 3000, Piso 18, Las Condes, Santiago, Chile.
(6) Apoquindo 3000, Piso 18, Las Condes, Santiago, Chile.
(7) Apoquindo 3000, Piso 18, Las Condes, Santiago, Chile.
(8) Apoquindo 3000, Piso 18, Las Condes, Santiago, Chile.
(9) Apoquindo 3000, Piso 18, Las Condes, Santiago, Chile.
(10) Apoquindo 3000, Piso 18, Las Condes, Santiago, Chile.
Item 2(c). Citizenship or Place of Organization:
See Item 4 on pages 2 through 11.
Item 2(d). Title of Class of Securities:
Shares of Common Stock without par value.
Item 2(e). CUSIP Number:
Not Applicable
Item 3. Not Applicable
Item 4. Ownership:
(a) Amount beneficially owned:
See Item 9 on pages 2 through 11.
(b) Percent of class:
See Item 11 on pages 2 through 11.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 5 on pages 2 through 11.
(ii) Shared power to vote or to direct the vote:
See Item 6 on pages 2 through 11.
(iii) Sole power to dispose or to direct the disposition
of:
See Item 7 on pages 2 through 11.
(iv) Shared power to dispose or to direct the disposition
of: See Item 8 on pages 2 through 11.
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: [ X ]
The above statement applies only to Bancard Inversiones Limitada.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company:
Not Applicable
Item 8. Identification and Classification of Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification:
Not Applicable
This filing amends and restates the information previously filed
by the Reporting Persons on Schedule 13G on February 13, 2004. This filing on
Schedule 13G replaces all previous filings made by the Reporting Persons. Any
future changes in ownership by the Reporting Persons of common stock of Lan
Airlines that require the filing of an amendment will be reflected in the filing
of a Schedule 13G-A to this filing.
On December 24, 2002, Bancorp S.A. changed its corporate name to
Bancorp Limitada.
On December 24, 2004, Bancard S.A. changed its corporate name to
Bancard Inversiones Limitada.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
INVERSIONES SANTA CECILIA S.A.
February 11, 2005 By: /s/ SEBASTIAN PINERA ECHENIQUE
------------------------------------
Name: Sebastian Pinera Echenique
Title: Legal Representative
AXXION S.A.
February 11, 2005 By: /s/ SEBASTIAN PINERA ECHENIQUE
------------------------------------
Name: Sebastian Pinera Echenique
Title: Legal Representative
February 11, 2005 By: /s/ SEBASTIAN PINERA ECHENIQUE
------------------------------------
Sebastian Pinera Echenique
MAGDALENA MARIA PINERA MOREL
February 11, 2005 By: /s/ SEBASTIAN PINERA ECHENIQUE
------------------------------------
Name: Sebastian Pinera Echenique
Title: Legal Representative
MARIA CECILIA PINERA MOREL
February 11, 2005 By: /s/ SEBASTIAN PINERA ECHENIQUE
------------------------------------
Name: Sebastian Pinera Echenique
Title: Legal Representative
SEBASTIAN PINERA MOREL
February 11, 2005 By: /s/ SEBASTIAN PINERA ECHENIQUE
------------------------------------
Name: Sebastian Pinera Echenique
Title: Legal Representative
CRISTOBAL PINERA MOREL
February 11, 2005 By: /s/ SEBASTIAN PINERA ECHENIQUE
------------------------------------
Name: Sebastian Pinera Echenique
Title: Legal Representative
BANCARD INVERSIONES LIMITADA
February 11, 2005 By: /s/ SEBASTIAN PINERA ECHENIQUE
------------------------------------
Name: Sebastian Pinera Echenique
Title: Legal Representative
BANCORP LIMITADA
February 11, 2005 By: /s/ SEBASTIAN PINERA ECHENIQUE
------------------------------------
Name: Sebastian Pinera Echenique
Title: Legal Representative
CECILIA MOREL MONTES
February 11, 2005 By: /s/ SEBASTIAN PINERA ECHENIQUE
------------------------------------
Name: Sebastian Pinera Echenique
Title: Legal Representative
Index of Exhibits
Exhibit No. Description
----------- -----------
1 Joint Filing Agreement by and among, Inversiones Santa
Cecilia S.A., Axxion S.A., Bancard S.A., Bancorp S.A.,
Sebastian Pinera Echenique, Magdalena Maria Pinera Morel,
Maria Cecilia Pinera Morel, Sebastian Pinera Morel,
Cristobal Pinera Morel and Cecilia Morel Montes.+
2 Power of Attorney by Inversiones Santa Cecilia S.A., Axxion
S.A., Bancard S.A., Bancorp S.A., Magdalena Maria Pinera
Morel, Maria Cecilia Pinera Morel, Sebastian Pinera Morel,
Cristobal Pinera Morel and Cecilia Morel Montes.+
---------------
+ Incorporated by reference to the Schedule 13G for the
Reporting Persons, File No. 005-50478, filed on February 13,
2004.