SAN JOSE, Costa Rica–The main stockholders of Air Panama, George Novey and Eduardo Stagg have now invested in Costa Rican start-up Tica Air International. Carlos Viquez, the representative of the Costa Rican airline informed that Air Panama will transfer one of its Boeing 737-300 to the start-up for the opening of the route San Jose-Miami (that was abandoned in January by Avianca). “Costa Rica has always been a good place to invest and now more than ever with Avianca’s departure of several non-stop markets” said Eduardo Stagg, CEO of Air Panama. Viquez informed that it is expected for Tica Air International to start operations by December 2014. TAI is the second airline project in Costa Rica, after Gino Renzi’s Ticos Air. Alvaro Vargas, the Civil Aviation board (DGAC) director informed that Ticos Air still has not been able to move to the third phase of its certification, since it has not presented any of the 5 Airbus A-319s that Gino Renzi advised the airline would operate. Rumors in Costa Rica are that Ticos Air still has not been able to secure investors for the project. The advantage that TAI would have is the economic support from Air Panama, the second biggest and most important airline in Panama, that also operates flights to San Jose with a jet Fokker 100. “The idea is that both airlines should grow together, using scale economies”, conmmented Eduardo Stagg. Tica Air International is expected to open flights to Managua, David, Bocas del Toro and San Andres.