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
History of Iberia (airline) with the visit of Pope and the football World Cup. By 1987 routes to Tel Aviv, Khartoum, Moscow and Tokyo were added. In the late 1980s/early 1990s Iberia planned a fleet renewal with the McDonnell Douglas MD-87, Airbus A320 and Airbus A340 replacing the Douglas DC-9, Boeing 727 and Douglas DC-10 respectively. A number of Boeing 757s were also bought. At this time Iberia began to build up interests in other Spanish airlines – Aviaco, Viva Air, Binter Canarias and Binter Mediterráneo – and Latin American airlines Aerolíneas Argentinas, Viasa and Ladeco. In June 1990 the company led a consortium