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Avianca Merges With TACA. Colombian Avianca and Central-American, El Salvador based TACA have finalized their merger agreement to unite as one Latin-American airline company, keeping the two brands. The merger has been approved by antitrust and regulatory bodies.
What corporate raider Carl Icahn could not do, American Airlines did not hesitate to do.January 8, 2001 American Airlines made a offer to purchase TWA - touting Two Great Airlines, One Great Future. For years TWA was predicted to go out of business - and never did. In fact TWA was making money.