Saturday, November 29, 2008

Spain Air Spanair


Spanair
Is an airline based in Palma de Mallorca, Spain. It is a subsidiary of Scandinavian Airlines Systems that provides a scheduled passenger network within Spain and Europe, with an extension to West Africa. Worldwide charters are also flown for tour companies. Its main base is Son Sant Joan Airport, with hubs at Barajas International Airport, Madrid and El Prat International Airport, Barcelona. It employs 2535 staff.

History
The airline was established in December 1986 and began operations in March 1988. It was set up as a joint venture between Scandinavian Airlines Systems and Viajes Marsans, and began operations with European charters. Long-haul flights to the United States, Mexico and the Dominican Republic were launched in 1991, followed by domestic scheduled flights in March 1994. The airline flew long-haul flights with Boeing 767-300 aircraft to Washington and Buenos Aires in the late 1990s. Spanair joined Star Alliance in 2003.

The company is owned 94% by the SAS Group. SAS Group announced in a press release June 13, 2007 that it would sell its shares in Spanair.The divestment was canceled on June 19, 2008 due to SAS not being able to sell for a price that it considered to "reflect the underlying value in Spanair".

A report in The Times on the day of the Madrid crash suggests that staff were threatening strike action due to concerns about the company's viability.

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