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
EcoJet (airline) EcoJet (airline) Línea Aérea EcoJet S.A., stylized as ecojet, is a Bolivian domestic airline headquartered on the grounds of Jorge Wilstermann International Airport in the city of Cochabamba. It started scheduled passenger operations on November 24, 2013, with two 93-seat Avro RJ85 aircraft. The airline links its home city of Cochabamba, strategically located in the center of the country, with 9 major domestic destinations, reaching all the main centers of population. Along with Amaszonas, ecojet is a private airline that competes with state-owned airline Boliviana de Aviación in the Bolivian domestic market. Ecojet was established on November 24, 2013 and