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
Jazz (airline) jackets from its aircraft to lower fuel costs. According to the airline, passengers are to use floating seat cushions in the event of an emergency over water. The airline also stated that the probability of a water landing on the regional airline routes was almost zero, as no operation over great bodies of water occurs except for the Great Lakes and the Gulf of St. Lawrence, and that in all circumstances, the airline always remains within from land, as stipulated in the law, which removes the obligation from carrying any flotation devices. In April 2010, Jazz Aviation LP had reached