Venezolana Internacional de Aviación Sociedad Anónima, or VIASA for short, was the Venezuelan flag carrier between 1960 and 1997. Launched in 1960, it was nationalised in 1975 due to financial problems, and re-privatised in 1991, with the major stake going to Iberia. The company ceased operations in 1997, and went into liquidation.
Viasa was envisioned by the government of Venezuela in 1959 to create a new company that could serve as the country’s flag carrier and run without the government intervention. It was set up in 1960 when the international routes operated by Linea Aeropostal Venezolana (LAV) and Avensa were merged and taken over by the newly created carrier. In early 1961, the airline signed an agreement with KLM, aimed at starting operations to Europe. KLM would actually maintain a nurturing relationship with Viasa for another 24 years.
Source: Wikipedia
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