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
2GO (cargo airline) 2GO (cargo airline) 2GO is a logistics and supply chain company based in Parañaque City, Manila, the Philippines. It operates bulk cargo and express parcel services throughout the Philippines. Its main base is Ninoy Aquino International Airport, Manila. 2GO is operated by the Aboitiz Air Transport Corporation the transport and logistics company owned by Aboitiz Equity Ventures. 2GO Group is a part of the Chinese government-controlled 2GO Group (through the China-ASEAN Investment Cooperation Fund) which includes 2GO Travel and 2GO Express. 2GO does not have any aircraft but uses the hold capacity of Cebu Pacific passenger aircraft. The airline was