 In 1924, the aircraft that both Ernesto Cortissoz and Helmuth von Krohn were flying crashed into an area currently known as Bocas de Ceniza in Barranquilla, killing them.In the early 1940s, Peter von Bauer sold his shares in the airline to the US-owned Pan American World Airways.On 14 June 1940, in the city of Barranquilla, SCADTA, under ownership by United States businessmen, merged with regional Colombian airline SACO (acronym of Servicio Aéreo Colombiano"), forming the new Aerovías Nacionales de Colombia S.A." or Avianca.