
> renamed | ^ or >> merged in | => merged to form airline | +> assets taken | < divided |

Air Panamá Internacional was founded in 1968 as a joint venture between the government of Panama and Spanish airline Iberia. All flight operations with Air Panamá Internacional ceased in Dec1989 over the United States invasion of Panama. In Jan1990, Air Panamá Internacional declared bankruptcy
< state owned airline that served as the flag carrier based out of Tocumen International Airport >
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