Flights had begun to be cancelled from the middle of the afternoon after the airline’s other potential saviour, the Catalan regional government, made it clear that the carrier could expect no further loans from the authorities.
Spanair's local competitors,
Additionally, the Oneworld carrier will be operating, in co-ordination with Aena and the Spanish government, additional frequencies on routes where Spanair had high market share – notably
SAS, the former owner and current minority shareholder of Spanair, said the carrier’s bankruptcy will cost it around SKr1.7 billion ($250 million) in writedowns, comprising SKr1.47 billion in outstanding debts and SKr249 million in guarantees and costs. It said it valued its 10.9% shareholding in Spanair at zero.
Spanair was acquired on 31 January 2009 by a Catalonian consortium composed mainly of public institutions. They hoped to develop Barcelona El Prat airport into an international hub with the help of Spanair, which relocated from Palma de Mallorca to
Spanair operated a fleet of 24 Airbus A320 family aircraft, alongside four Boeing MD-80s, according to Flightglobal Acas data.
Source: Air Transport Intelligence news