Aviaco

Aviaco (Aviación y Comercio SA) was an Spanish airline incorporated on February 18 1948. It was founded when the National Institute of Industry proposed that the national carrier of Spain, Iberia, could not meet the domestic demand. This had been caused by the heavy commitment of Iberia to the lucrative South American market, especially Buenos Aires and Montevideo. However, the company faced increasingly intense competition from Air France, KLM and British South American Airways, which compromised its own domestic growth. Aviaco won the tender that permitted services on domestic routes that Iberia did not operate.
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