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 may not always be the same as the country in which the firm is officially incorporated or registered. There are many other airlines in business whose radio call signs are more obviously derived from the trading name. The callsign should ideally resemble the operator's name or function and not be confused with callsigns used by other operators. The callsign should be easily and phonetically pronounceable in at least English, the international language of aviation. For example, Air France's callsign is "Airfrans"; 'frans' is the phonetic spelling of 'France'. The airline accounting code, or prefix code, is a 3-digit number, referenced