How Avianca Survived Pablo Escobar, Pan Am And Two Bankruptcies!
Avianca is the second oldest airline still flying anywhere in the world, and almost nothing about the last hundred years should have allowed that.It began in 1919 as a Colombian and German mail service flying Junkers floatplanes down the Magdalena River. By February 1930, Pan Am had quietly taken 84.4 percent of the company in a secret deal with Juan Trippe, and for decades Colombia's flag carrier was effectively an American subsidiary. Pan Am shut down in 1991. Avianca did not.Then came the part that should have finished it. A cartel bomb destroyed Flight 203 in November 1989, planted to…
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