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
Kato Airline Rally. The airline made several bids to win more routes. They applied in 2006 for both PSO contracts in Finnmark, but failed to match the bid from Widerøe. Following an inspection, the Civil Aviation Authority of Norway withdrew Kato Air Service's aircraft maintenance certificate on 28 August 2008. They citied several severe breaches of regulation and routines. Subsequently, the board decided on 1 September to liquidate the company. The following is a list of scheduled destinations served by Kato Airline. Kato Airline Kato Airline AS, trading as Kato Air, was an airline which operated in Northern Norway between 1995 and