El Salvador based Taca Airlines and Colombian based Avianca Airlines have announced a merger. The two airlines will oprate independently for now, though Avianca shareholders will maintain a two-thirds control. Roberto Kriete, TACA chairman and CEO, who will serve as chairman of the new company. Aviation Week reports that “Combined the new entity will operate a fleet of 129 aircraft to more than 100 destinations, and generate annual sales of $3 billion.”
With Chile’s LAN nearly holding a monopoly in Latin America, and complete control of several important routes, this could very well mean lower prices all around the continent.
Writer and photographer Nicholas Gill is the editor/publisher of New World Review. He lives in Lima, Peru and Brooklyn, New York. His work has appeared in publications such as the New York Times, Los Angeles Times, CondeNast Traveler, National Geographic Traveler, Afar, and Penthouse. Visit his personal website (nicholas-gill.com) for more information.