In 1932, due to the conflict with Peru, the idea to create a base in a central strategic location was gaining hold. Back then the Hacienda Palanquero was already in use as an airport by the Colombian-German airline Scadta since 1919.
On 31 December 2014, A Colombian Air Force IAI Kfir C10 combat aircraft from 111 Squadron of the 1st Combat Air Command (CACOM-1) crashed while undertaking a training mission over La Dorada in Caldas. The pilot ejected following a technical failure while on approach to the Palanquero airbase in Puerto Salgar, Cundinamarca. "Colombian Kfir fighter lost to accident".