LAB

LAB logoLloyd Aéreo Boliviano S.A.M., abbreviated LAB, also known as LAB Airlines, was an airline serving as flag carrier of Bolivia. It operated domestic and international flights, aiming at passenger as well as cargo transport. LAB was active for more than 80 years, with Cochabamba Airport being an important operational base.
Lloyd Aéreo Boliviano was founded in 1925. The name was chosen after the British insurance market Lloyd’s of London for its image of safety and security. In 1930, LLoyd Aéreo began to serve international routes. Over the following years, more destinations in Brazil were added, so that Lloyd Aéreo became the second largest airline in South America at that time. In 1941, Lloyd Aéreo Boliviano was reorganized as a state-owned company and became the flag carrier of Bolivia, which led to an expansion of the destinations served, as well as a fleet modernization. From 2006, Lloyd Aéreo had to cut flights because to its bad financial situation. In 2007, it was decided by the Bolivian government to shut down Lloyd Aéreo Boliviano. In October of the same year, Boliviana de Aviacion was established as new national airline. LAB operated a limited number of charter flights during late 2007 and early 2008 on behalf of AeroSur, but has since fully gone out of business, with its airline license officially been revoked in 2010.
Source: Wikipedia

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