> renamed | ^ merged in | => merged to form airline | +> or + assets taken | < divided |
► Cargo Three Panama (i) >PanAir Cargo > ( Transcarga Panama ) >Cargo Three Panama (ii)
♦ PanAir Cargo (Cargo Three Inc) was founded and began operations in 1990. It was to be rebranded as Transcarga Panama in 2019 but this did not happen
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