Editing Lloyd Aéreo Boliviano (section)

===Financial difficulties and demise===
[[File:LAB Boeing 737-300 Volpati.jpg|thumb|A LAB [[Boeing 737 Classic|Boeing 737-300]] featuring a [[List of airline liveries and logos|livery]] borrowed from its main stakeholder, [[VASP]] at the time the airline was privatized in 1995.]]
From 1994 onwards, Lloyd Aéreo Boliviano was encountering rising financial difficulties. As a consequence, the Bolivian government prepared the [[privatization]] of the airline and began to negotiate with potential buyers. On 19 October 1995, Brazilian airline [[VASP]] acquired 50 percent of the LAB shares.  In an effort to cut costs, VASP aimed at a full merger of the two airlines, with a similar livery and a joint [[frequent flyer program]] as initial steps. {{asof|1998|7|alt= At July 1998}}, 49% and 48.3% of the shares were held by VASP and the Bolivian government, respectively.<ref name="Airline Ownership Survey" /> In 2001, VASP sold its shares in LAB back to Bolivian investors, though, due to the ongoing monetary constraints. On the other hand, in 2004, LAB was awarded shares in [[Ecuatoriana de Aviación]], the national airline of [[Ecuador]] at that time, as a compensation for outstanding debts, which led to a [[codeshare agreement]] between the two airlines.

From 2006, Lloyd Aéreo had to cut flights because it was in bad financial shape; [[aircraft lease|leased]] long-haul aircraft (a random mix of [[Airbus A310]], [[Boeing 757]], [[Boeing 767]] or [[Lockheed L-1011 TriStar]] at that time) could not be paid for anymore. On 30 March 2007, it was decided by the Bolivian government to shut down Lloyd Aéreo Boliviano, which meant that effective on 1 April, all flight operations were suspended. In October of the same year, [[Boliviana de Aviación]] was established as new national airline of Bolivia. LAB operated a limited number of charter flights during late 2007 and early 2008, on behalf of [[AeroSur (Bolivia)|AeroSur]], but has since fully gone out of business, with its [[Air Operator's Certificate|airline license]] officially been revoked in 2010.{{cn|date=June 2024}}