The story
NICA was founded in 1992 from the remains of Aeronica and commenced operations from Managua to Miami. In 1994, the Grupo TACA acquired 49% of NICA and reorganized the airline without government intervention.
In 2004, the airline ceased operations and merged into TACA International Airlines. Its domestic flights were given to Nicaragua's domestic flag carrier, La Costeña, an airline that joined the TACA Regional alliance.
From Wikipedia’s article on Nicaragüense de Aviación, shared under CC BY-SA 4.0.3