Ladeco board. The aircraft was operating a domestic scheduled passenger flight from Los Cerrillos Airport, Santiago. 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
Iberia (airline) in pension asset values and financial returns from these assets may increase the size of the pension deficit". , the airline had over 18,000 employees. Iberia has a 9.49% stake in low-cost carrier Vueling which is based near Barcelona, with parent company IAG owning the remaining 90.51%. This was done to ensure that IAG does not have 100% of the shares in Vueling, but that the shares are split between its divisions. Iberia also has a 0.95% share in Royal Air Maroc. Iberia is allied with American Airlines, Qantas, Avianca, British Airways, and Grupo TACA, and on 1 September 1999,