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 Kato Airline Kato Airline AS, trading as Kato Air, was an airline which operated in Northern Norway between 1995 and 2008. Although also operating some smaller aircraft, the main portion of the airline's fleet were two Dornier Do 228. The airline was based at the grounds of Harstad/Narvik Airport, Evenes in Evenes. Commercial operations began in 1996. An early contract was fling newspapers out of Harstad. During 1999 the airline took delivery of two Do 228s and started a scheduled service from Harstad/Narvik to Bodø and Tromsø. The route was not viable and closed later that year. In the process