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
Airline ticket be created which is used to manage the reservation and check in. It is possible to have multiple passengers in a single passenger name record. Having a reservation does not entitle the passenger to travel. Only when the airline receives the payment, a ticket is issued which is linked to the reservation which allows the passenger to travel. Traditionally, reservation and payment are separate steps, which the time between them are defined in the fare rules when the reservation is made. However, it is more common to require immediate payment on online booking systems. Each passenger must hold his/her own