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
Level (airline) Level (airline) Level, styled as LEVEL, is an airline brand of the International Airlines Group (IAG). While Level is expected to become an independent subsidiary airline of IAG with its own operator certificate, most likely based in Spain, long-haul flights for the brand are currently operated by Iberia from Barcelona and OpenSkies from Paris, while short-haul flights from Vienna are operated by Anisec Luftfahrt. Level was marketed initially as a low-cost, long-haul carrier, and began transatlantic services from Barcelona–El Prat Airport in June 2017. In July 2018, Level expanded with long-haul services from Paris Orly Airport which eventually took over