Iberia (airline) to condone the 150 million dollar debt that Viasa had accumulated to the Spanish carrier in exchange for keeping its fleet composed by four DC-10's and five Boeing 727's. The agreement included a compensation for the staff after the liquidation, which had a cost of 20 million dollars. Regarding Ladeco, Iberia was a minority shareholder (35%) and did not intervene in its management. Initially Iberia had the intention of achieving the merger of Ladeco with Lan Chile, but Chilean antitrust laws prevented it. Later, in 1995, Lan Chile made a major acquisition of Ladeco shares and acquired 57.6% of the
Regional Airline Association Regional Airline Association The Regional Airline Association (RAA) is a business association founded in 1975 that represents 21 North American regional airlines and 280 associate, non-airline members. This includes manufacturers of products and services supporting the regional airline industry. The RAA is the collective bargaining voice for its members' interests and lobbies on their behalf before the United States Congress, Department of Transportation, Federal Aviation Administration and other federal agencies. The RAA represents the financial and economic interests of regional airline employers and regional airline support industry employers. The Regional Airline Association does not represent financial or economic interest of