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
Alcazar (airline) States started negotiating open skies agreements with the European Union (EU), which would allow any European airline to fly from any airport in their home country to any airport in the US, and similarly any US airline to fly from any US airport to any European airport. In the 1980s, SAS, Swissair, Austrian Airlines and Finnair had attempted to establish European Quality Alliance (EQA). In addition to codesharing and joint marketing, the alliance was largely based around technical issues and using the EQA brand as a "seal of quality". These had largely stranded because Finnair felt that SAS goal was