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's old livery which featured a springbok), or possibly to avoid confusion with a call sign used by an established airline. Companies' assigned names may change as a result of mergers, acquisitions, or change in company name or status; British Airways uses BOAC's old callsign ("Speedbird"), as British Airways was formed by a merger of BOAC and British European Airways. Country names can also change over time and new call signs may be agreed in substitution for traditional ones. The country shown alongside an airline's call sign is that wherein most of its aircraft are believed to be registered, which