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THD-2013-07 - AVIANCA REBRAND
TACA INTERNATIONAL (TAC) SUBSIDIARY OPERATING 737 STARTED IN 1995.
JULY 1996: 1 WET-LEASED 737-200A FOR ROUTES TO MIAMI (MIA) & NEW ORLEANS.
MAY 1997: (FAA) SAFETY OVERSIGHT RATES HONDURAS CATEGORY 3 WHICH BARS FLIGHTS TO USA (UNLESS WET-LEASED) UNTIL REGULATORY AUTHORITY ENFORCES SAFETY AND TECHNICAL PRACTICES IMPROVEMENTS.
October 2009: Avianca (AVI) has confirmed it is merging with Grupo TACA (TAC). In a letter to employees, (AVI) CEO, Fabio Villegas said (AVI)'s board after months of study has decided to pursue a "strategic merger" with Grupo TACA (TAC). But Villegas stressed that each company intends to maintain its own identity and will continue to operate independently. He said "the project offers big opportunities given the multitude of synergies" the two carriers will be able to pursue. Their combined network will also provide (AVI) and (TAC) customers with improved connections throughout the Americas and the world. The two carriers already code share on some routes.
"I am sure with the commitment of all employees we will create with (TAC) the most important airline leader in Latin America," Villegas said. He called the deal with (TAC) "of great significance for our company and the Latin American aviation industry in general". Villegas said combined, the carriers have an "optimistic future" which is sure to be "recognized nationally and internationally".
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