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
Mount Cook Airline Zealand link brand in the mid 1990s. At this stage the flower was relegated to a spot just below the tail, before vanishing totally in the early 2000s. However, it has made a return in 2012 appearing towards the front of Mount Cook's ATR 72-600 aircraft. The new logo is a much-simplified flower, featuring six separate petals rather than the former layered specimen. Mount Cook Airline Mount Cook Airline, a subsidiary of Air New Zealand, is a regional airline based in Christchurch, New Zealand. Formerly part of the Mount Cook Group, it now operates scheduled services throughout the country under