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
Business class airline Business class airline A business class airline was an airline concept which emerged during the mid-first decade of the 21st century involving a number of airlines that operated all-business class service. Currently, only one all business class airline, La Compagnie, which was founded in 2013, provides an all business class service between Charles de Gaulle Airport in Paris and Newark Liberty International Airport. Service is currently provided using two Boeing 757-200 aircraft, to be supplemented with two Airbus A321neos from 2019. Additionally, a startup known as Odyssey Airlines is planning to launch all business class flight from London City Airport