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
Arkaim (airline) parent company. Expected to begin operations by the end of 2009, the airline also expects to add flights on local routes from Ufa to Neftekamsk and Sibay, possibly utilising Let L-410 Turbolet-sized aircraft. According to Kommersant, industry experts and competitors do not give the airline a chance at success, due to intensive competition on trunk routes, and the lack of a regional air travel market in Bashkortostan. Andrei Martirosov, the general director of UTair Aviation, does not believe that there is available US$500 million in Russia with which to build a network airline and also stated that he is not