TACA, through TACA Peru, entered Peru with the same idea four years ago.
Aerolineas Argentinas, eyeing results at TACA and LanChile, has earmarked $30 million to create spin-off carriers of its own that could begin service as early as 2004 in Chile, Bolivia, Paraguay and Uruguay.
"As an example, we bought an Airbus in a deal in conjunction with [Brazilian airline] TAM and Grupo TACA," says Bianchi.
"Presently, our growth is all south," says Federico Bloch, CEO for Grupo TACA.
TACA's new strategy comes as more North American and European tourists, as well as Latin American business travelers, are flying to South America.
TACA's three-pronged attack calls for the airline group to transform SanJose, Costa Rica, into a regional hub to link North and South America.
The Lima hub plan surfaced last year when TransAm, a defunct Peruvian airline, was reborn as TACA Peru.
TACA Peru began as a domestic airline, but Peruvian Ratti won the rights to the routes of bankrupt AeroPeru.