In the past few years, a half dozen indigenous Latin American airlines, beset by financial crises, corporate uncertainty and old-style politics, went belly up, succumbing to Darwin's principle of survival of the fittest. In 2000, others were on life-support systems, among them former powers like Argentina's Aerolineas Argentinas, Brazil's VASP, Venezuela's Avensa, Bolivia's LAB, and Air Jamaica. Several smaller carriers and startups simply folded. But the most dramatic case, ...


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