Compañía de Aviación Faucett, colloquially known simply as Faucett Perú or Faucett, was a Peruvian airline. It was headquartered on the grounds of Jorge Chávez International Airport in Lima. History Elmer J. Faucett had been sent to Peru as a representative of the Curtiss Export Company, arriving in the country from the United States in 1920. In 1928, he and a group of Peruvian business men joined to found the first commercial airline in Peru, and one of the first in Latin America. With an initial investment of £2,500, the company was formed on 15 September 1928, and started operations on 27 September that year. In 1937, the airline absorbed Compañía de Aviación Peruana SA from Panagra. At , the route network was flown with seven planes manufactured by the Stinson Aircraft Company, and included Chiclayo, Ica, Lima, Sabados and Talara. Postwar operations Having their initial investment increased to £200,000 by 1943, Elmer Faucett bought a large number of aircraft from the United States in 1945. By , the airline flew a route network that was long. Faucett carried 136,456 passengers in 1955, and at year end the company had 307 employees. By , the airline had a fleet of eight DC-3s, four DC-4s and four Faucett Stinson F-19s to serve a route network that was long. A second-hand Douglas DC-6B acquired from Panagra was incorporated into the fleet in the early 1960s. Another DC-6B was acquired in late 1964, and was converted to DC-6B(F) standard with a large rear freight door. This was operated on cargo services to Miami, Florida. In 1973, Faucett was owned by Peruvian interests (46%), the Fundación Faucett (35%) and Braniff International Airways (19%). The cargo-only airline Aeronaves del Peru became Faucett's biggest shareholder in 1982. At March 1990, the airline had 1,300 employees and a fleet of ten aircraft that consisted of two Boeing 727-200s, one Boeing 737-100, four Boeing 737-200s and three McDonnell Douglas DC-8-50s. One of the 727-200s disappeared off the coast of Newfoundland on 11 September 1990. The 1990s economic liberalization under Alberto Fujimori, after years of economic and political chaos (as well as a violent Maoist insurgency), brought a series of measures aimed at the privatization and deregulation of the airline market. A series of short-lived airlines sprung up during this decade (in the style of Russian Babyflots), stated-owned Aeroperú was partly sold to Mexican investors and the rise of