Air Panamá Internacional (also known as simply just Air Panama) was a state owned airline from Panama that served as the flag carrier of the country between 1968 and 1989. From its hub at Tocumen International Airport in Panama City, scheduled passenger flights to a number of destinations in the Americas was offered.
History
Air Panamá Internacional was founded in 1967 as a joint venture between the government of Panama (67%) and Spanish airline Iberia (33%). When Iberia pulled out approximately ten years later, the airline became fully state-owned.[1] During the 1980s, when Panama was ruled by military dictator Manuel Noriega, the route network and aircraft fleet of Air Panamá went into decline because of the worsened financial and economic situation of the company, which led to Copa Airlines emerging as the largest airline of the country. All flight operations with Air Panamá Internacional ceased in December 1989 over the United States invasion of Panama. The only aircraft of the airline at that time, a leased Boeing 727. In January 1990, Air Panamá Internacional declared bankruptcy and ceased operations on December 2, 1990.