Word: lanica
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...that he had managed to stash outside the country. To American experts who have studied Somoza's corrupt regime, both estimates, however, appeared surprisingly low. Most valuations of the dynasty's holdings were between $500 million and $1 billion; they included Nicaragua's national air line, Lanica, its major shipping company, the Mamenic Line, perhaps 25% of its best farm land, and an array of other enterprises. Says Richard Millett, author of The Guardians of the Dynasty, a highly critical account of the Somoza family: "It was hard to find any aspect of the economy in which...
Tachito is one of the richest men in Central America. He has extensive holdings in, among other things, cotton, coffee, shipping, fishing, Nicaragua's Lanica airlines and neighboring Costa Rica, where he is the largest foreign landowner. He is a regular contributor to American political campaigns; this year his cattle ranches will export 25 million lbs. of meat to the U.S. Before the quake hit, Tachito was hoping to spend the next two years or so on his country's political sidelines. Because Nicaragua's constitution bars him from immediately succeeding himself to a second five-year...
Other lines save enough on wages arid low taxes to use up-to-the-minute equipment. To fly fine 325-m.p.h. Super-H Constellations, Real's chief pilots get $900 a month, only about half what a U.S. captain makes for the same job. Nicaragua's tiny Lanica line recently put a pair of turboprop Viscounts on its Miami-Lima service...
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