Iberia To Shut Down Charter Subsidiary Viva Air
Iberia will liquidate its charter subsidiary, Viva Air, the Spanish airline said yesterday in Madrid. Iberia said it was forced to take the drastic action due to accumulated losses of 5 billion pesetas (US$35 million) in 1996 and 1997 and the lack of an agreement with Viva Air pilots. Sindicato...
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