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
Fresh Air (airline) Fresh Air (airline) Fresh Air was a cargo airline based in Ikeja, Lagos, Nigeria. It operated cargo charter services mainly within West Africa. Its main base was Murtala Mohammed International Airport, Lagos. The Nigerian government set a deadline of April 30, 2007 for all airlines operating in the country to re-capitalize or be grounded, in an effort to ensure better services and safety. Seven airlines failed to meet the deadline and as a result would not be allowed fly in Nigeria’s airspace with effect from April 30, 2007. These were: ADC Airlines, Fresh Air, Sosoliso Airlines, Albarka Air, Chrome Air