Aviación y Comercio, S.A., doing business as Aviaco, was a Spanish airline headquartered in Madrid.
The carrier was formed as a freight company in 1948. Given that Iberia had exploited the most profitable domestic and international routes since the early 1940s, Aviaco restricted its operations to secondary routes. Scheduled passenger services started between Bilbao and Barcelona and Madrid. The first international route was Algiers-Palma-Marseilles. During the 1980s, most of Aviaco shares were acquired by its competitor Iberia. From that time, Aviaco ran the less important domestic routes. Iberia’s shareholding in Aviaco was boosted to 100% in 1998. Since then, Iberia plans for Aviaco were to absorb it; this occurred in 1999.
Source: Wikipedia
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