Empresa de Transporte Aéreo del Perú S.A., usually known as Aeroperú, was a Peruvian airline, serving as flag carrier of Peru from 1973 to 1999. The company was headquartered in Lima, with the city’s Jorge Chavez International Airport serving as its hub. Besides an extensive domestic route network, Aeroperú offered international flights to places in Latin America and the United States of America.
Aeroperú was formed in 1973 following the reorganization of SATCO, an earlier airline controlled by the Peruvian Army. Initially Aeroperu was a wholly state-owned company. In 1981, Aeroperú was gradually privatized, with the Peruvian government keeping a minority share of 20 percent. In 1982, plans were made for a merger with Faucett Perú, the other large passenger airline in the country at that time. In 1993, Aeroméxico acquired 70 percent of the shares, thus making Aeroperú its subsidiary. In 1996, 47 percent of Aeroperú was transferred to Cintra, the parent company of Aeroméxico and Mexicana de Aviación. In 1998, Delta Air Lines became a major shareholder of Aeroperú. Due to financial difficulties that had troubled the airline for most of its existence, Aeroperú was forced to suspend all flight operations in 1999.Most of its route network as well as the role of Peruvian flag carrier was taken over by newly founded LAN Perú.
Source: Wikipedia
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