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
The Airline Cooperative 140 member airlines and continues to grow. In March 2015, a published map showed there to be:<br> - 147 Airline members worldwide<br> - 66 countries with Airline Cooperative airline members<br> - 116 Airport bases with airlines taking part in the Cooperative<br> The Airline Cooperative The Airline Cooperative (ACO) is a membership organisation formed by a broad group of International Airlines, with the structure of a Cooperative Society. The pivotal aim of the Cooperative is to share non-competitive information, and work together to increase awareness of relevant safety and security concerns, improve efficiency, reduce costs, learn, and grow. As of March