Concept

Avianca

Summary
Avianca S.A. (acronym in Spanish for Aerovias del Continente Americano S.A., "Airways of the American Continent") is the largest airline in Colombia. It has been the flag carrier of Colombia since December 5, 1919, when it was initially registered under the name SCADTA. It is headquartered in Colombia, with its registered office in Barranquilla and its global headquarters in Bogotá and main hub at El Dorado International Airport. Avianca is the flagship of a group of ten Latin American airlines, who operate as one airline using a codesharing system. Avianca is the largest airline in Colombia and second largest in Latin America, after LATAM of Chile. Avianca and its subsidiaries have the most extensive network of destinations in Latin America. Prior to the merger with TACA in 2010, it was wholly owned by Synergy Group, a South American holding company established by Germán Efromovich and specialising in air transport. It is listed on the Colombia Stock Exchange. Through SCADTA, Avianca is the world's second oldest extant airline after KLM, and celebrated its 100th anniversary in December 2019. It is the oldest airline in the Western Hemisphere. It became an official member of Star Alliance on June 21, 2012, after a process that lasted approximately 18 months from the initial announcement of its invitation to join the alliance. On May 10, 2020, Avianca filed for Chapter 11 bankruptcy in a court in New York City, and liquidated its subsidiary Avianca Perú, due to the COVID-19 pandemic crisis. SCADTA The airline traces its history back to December 5, 1919, in the city of Barranquilla, Colombia. Colombians Ernesto Cortissoz Alvarez-Correa (the first President of the airline), Rafael María Palacio, Cristóbal Restrepo, Jacobo Correa and Aristides Noguera and Germans Werner Kämmerer, Stuart Hosie and Albert Tietjen founded the Colombo-German Company, called Sociedad Colombo-Alemana de Transportes Aéreos or SCADTA. The company accomplished their first flight on September 5, 1920, between Barranquilla and the nearby town of Puerto Colombia using a Junkers F.
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