South American merger

AVIANCA (Columbia) and TACA (El Salvador-based), two of South America’s longest established airlines have agreed on a merger which will create an airline group with a fleet of 129 aircraft and serve 100 destinations.  Avianca goes back to 1940, and its current ownership, under a joint Brazilian/Columbian enterprise called the Synergy Group, dates from 2004.  TACA, which can trace its history even further back, is essentially a consortium of Central American airlines with local services and scheduled flights to major US cities. www.taca.com www.avianca.com

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