On May 20th, Avianca and SAM, together with Aces (Aerolíneas Centrales de Colombia) formed the Alianza Summa. In November 2003, the shareholders decided to initiate the liquidation of the Sociedad Alianza Summa and took steps to strengthen the Avianca brand.
In line with its objective of being leaders in the region, in 2005 the Company changed its corporate name to Aerovías del Continente Americano S.A.
On February 21st the first Airbus A320 arrived. Today the Carrier operates 55 aircraft from this manufacturer.
In October the company announced the signing of an agreement between shareholders, approving its merger with the Central American carrier TACA Airlines.
The Carrier reentered the stock market with an important bond issue in June.
TACA expanded into South America through the brand TACA Perú and its Hub in Lima.
As a result of the crisis in the airline industry in 2001, TACA implemented a transformation plan focused on the renewal of its fleet, optimizing the revenue and cost structure and operational excellence.
The conquest of new skies in the Americas came to fruition with the opening of routes to various destinations in the United States. Two years later it launched the first direct route between El Salvador and Peru.
By the end of 2009 it already offered flights to and from the capitals and major secondary cities of South America.
In October, the company announced the signing of an agreement between shareholders, to start the integration with Aerovías del Continente Americano, Avianca.