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
Airline codes Airline codes This is a list of airline codes. The table lists IATA's two-character airline designators, ICAO's three-character airline designators and the airline call signs (telephony designator). Historical assignments are also included. IATA airline designators, sometimes called IATA reservation codes, are two-character codes assigned by the International Air Transport Association (IATA) to the world's airlines. The standard is described in IATA's "Standard Schedules Information Manual" and the codes themselves are described in IATA's "Airline Coding Directory". (Both are published twice-annually.) The IATA codes originally based on the ICAO designators which were issued in 1947 as two-letter airline identification codes (see