Central America link

Colombian airline Avianca plans to soon open a new route from Bogota to San Salvador to improve connections to Central America and access new routes to North America and Canada, Avianca President Fabio Villegas said on Monday.

Colombia's largest airline is looking to boost its cargo business to 30 percent of overall revenue, up from 10 percent now, Villegas said at the Reuters Latin American Investment Summit in Bogota.

Avianca merged with El Salvador-based TACA this year in a deal the airlines hope will cut costs and bring revenue of more than $3 billion in 2011. The merger created one of the biggest airline holdings in Latin America.