HISTORY: TACA INTERNATIONAL AIRLINES was founded in 1931 in Honduras by New Zealander Lowell Yerex. The idea of its founder was to establish one airline in each Latin-American country, such as Aerovias Brasil in Brazil and other TACAs in Mexico, Venezuela, and Colombia. Out of all the TACA franchise airlines created, only TACA International of El Salvador survived. As a consequence, in 1945 Yerex left the company and TACA moved its headquarters to the Republic of El Salvador where it was modernized and expanded, the company then established investment groups in other Latin American countries to be sold to domestic airlines, which in the case of Honduras TACA was sold to SAHSA. Later TACA was organized as an international company having its headquarters in San Salvador only[citation needed] under the name of TACA International Airlines. In 1992, TACA signed a strategic alliance with Panama-based Copa Airlines, and the airline began flying to Tocumen International Airport, making it the first flight connection center in Latin America. As a consequence, Tocumen airport became the "Hub of the Americas" and the integration of several Latin American airlines to the alliance, such as LACSA, Aviateca, and NICA took place. The alliance ended in 1998 after the six-year period established in the agreement expired.
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