Aero Costa Rica Aero Costa Rica Aero Costa Rica was an airline based in San José, Costa Rica. In 1997 it ceased operations. Its US offices were in Miami Springs, Florida. Aero Costa Rica ACORI, S.A. started service on 11 May 1992 with two Boeing 727-200 Ex-Pan Am (N353PA and N354PA) from San José to Miami. This was the only international carrier that was able to break the airline monopoly in Costa Rica held by Lineas Aereas Costarricenses S.A. (LACSA) since 1945. In July 1992 Aero Costa Rica's flight ML-211 made an emergency landing at Owen Roberts International Airport, Grand Cayman when the
Airline air carriers, to rescheme an airlines assets into a profitable organization or liquidating an air carrier of their profitable and worthwhile routes and business operations. Thus the last 50 years of the airline industry have varied from reasonably profitable, to devastatingly depressed. As the first major market to deregulate the industry in 1978, U.S. airlines have experienced more turbulence than almost any other country or region. In fact, no U.S. legacy carrier survived bankruptcy-free. Among the outspoken critics of deregulation, former CEO of American Airlines, Robert Crandall has publicly stated: "Chapter 11 bankruptcy protection filing shows airline industry deregulation was