 In 1996, Martinair bought a 40% stake in Colombian cargo carrier TAMPA Cargo, based in Medellín, which it increased to 58% in 2003.The share in TAMPA was sold in February 2008 to Avianca, a Colombian company.Martinair president and CEO Martin Schröder, who received the "Tony Jannus Award" in 1995 for his contributions to commercial aviation, retired in 1998 from day-to-day activities.