Ladeco Ladeco Ladeco was a Chilean airline; Ladeco is the acronym of "Línea Aérea Del Cobre" or the "Airline of Copper," in reference to the principal Chilean export. Ladeco began operations in 1958 flying mostly internal routes between Chile's major cities and some international routes, and continued to run services until 1994 when LanChile (currently called Latam Chile) bought over 99% of the shares and merged Ladeco into its fleet. At the time of takeover, Ladeco was equipped mainly with Boeing 737 aircraft as well as some Boeing 727s and Boeing 757s. Ladeco then became exclusively an internal carrier between Chilean
Iberia (airline) on the worldwide scene. The investments started in June 1990 with the buy of a 30% stake in Aerolineas Argentinas. In 1991 Iberia bought a 45% stake in Viasa for $81million and a 35% stake in Chilean Ladeco The airline continued making progress in setting up Europe's first international airline frequent-flyer programme in 1991, with the creation of "Iberia Plus." In 1994 the bad results of Aerolineas Argentinas, which presented a positive balance in its commercial exploitation but nevertheless hid a significant deficit with losses in non-operating activities, led Iberia to increase its ownership participation to 85%. With this increase