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Prior to its acquisition by LAN Airlines of Chile, the airline was known by its legal name, Aero 2000. LAN Argentina became an affiliate member of the Oneworld airline alliance on April 1, 2007. The airline is owned by LAN Airlines (49%) and Argentine investors (51%).
On August 28, 2013, an Argentinean judge blocked the government's plan to break a long term lease of hangar space to LAN in Aeroparque Jorge Newbery, that was seen as vital to the airline's operations.
Today LAN Argentina operates from Buenos Aires to Córdoba, Mendoza, Salta, Neuquen, San Juan, Iguazú, Bariloche, Comodoro Rivadavia and Río Gallegos. It recently added flights to Bahía Blanca, El Calafate, Ushuaia and Tucuman. It also operates daily flights from Buenos Aires to Miami, Lima and Santiago de Chile. The non-stop flights to São Paulo-GRU operate twice daily, and the flight to Punta Cana operates only on Sundays.