Oswaldo López Arellano

Oswaldo Enrique López Arellano (30 June 1921 – 16 May 2010) was a two-time President of Honduras, first from 1963 to 1971 and again from 1972.

He was born in Danlí in the department of El Paraíso to an influential family, son of Enrique López and Carlota Arellano. He joined the Army at eighteen, graduated as a pilot from the Honduran Air Force School, and spent 1942-1945 in the U.S. state of Arizona studying mechanical aviation. López served as a colonel for a long time and eventually rose to the rank of general. He married Gloria Figueroa and they had five children: Gloria Carolina, Oswaldo, Enrique, Leonel, and José Luis.

López served briefly on a military junta during 1957, which resigned after elections were held. He served as president for the first time from 3 October 1963 until 7 June 1971. He then allowed further elections (Honduran general election, 1971) to take place in April 1971 that saw Ramón Ernesto Cruz come to power. On 4 December 1972, López again seized power, in the 1972 Honduran coup d'état.

In 1975, the U.S. Securities and Exchange Commission exposed a scheme by United Brands Company to bribe President López with US$1.25 million, with the promise of another $1.25 million upon the reduction of certain banana export taxes. Trading in United Brands stock was halted, and on 22 April 1975 López was ousted in a military coup led by his fellow General Juan Alberto Melgar, in the 1975 Honduran coup d'état. This scandal is known in Honduras as "Bananagate".

López was a businessman. He owned several businesses in Central America. His eldest son, Oswaldo, died in 2003. He was the owner of TAN-SAHSA, the now defunct Honduran air carrier.

Lopez died on 16 May 2010 while undergoing surgery for prostate cancer.