> renamed | ^ merged in | => merged to form airline | +> or + assets taken | < divided |
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APASA was founded on 01Nov1950 as the first Panamanian international cargo carrier as AVISPA. It started operations with a Curtiss C-46 on 14Aug1951, rented in Colombia to transport shrimp from Panama to Miami. Its founding shareholders were Víctor Inchausti and Heraclio Barletta B. The Board of Directors was composed of: Carlos A. De la Guardia, Eloy Benedetti and Rodrigo Arosemena. Renamed to APA (Aerovias Panama Airways) in 1956 and to APASA (Aerovias Panama SA) in 1965. The carrier ceased operations in 1966
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