What does AVIANCA mean in General Business?

Avianca

Avianca S.A. (acronym in Spanish for "Aerovías del Continente Americano S.A.", Airways of the American Continent) is a Colombian airline that has been the national airline and flag carrier of Colombia since 5 December 1919, when it was initially registered under the name SCADTA. It is headquartered in Bogotá, D.C. with its main hub at El Dorado International Airport. Avianca is the flagship of a group of eight Latin American airlines, whose operations are combined to function as one airline using a code sharing 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. It is wholly owned by Synergy Group S.A., a South American holding company established by Germán Efromovich and specializing in air transport. It is listed on the Colombia Stock Exchange.Through SCADTA, Avianca is the world's second oldest airline after KLM, and celebrated its 90th anniversary in 2009, when it was announced that it would merge with TACA. It is the oldest airline in the Western Hemisphere. It became an official member of Star Alliance on 21 June 2012, after a process that lasted approximately 18 months from the initial announcement of their invitation to join the Alliance.

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