From Original Posting "Spanish airlines in serious financial trouble"
Futura had approached their creditors to ask for 2 month moratorium on payments until a new business plan could be finalised. All this sounds reasonable but the new business plan would include a moratorium of at least another 8 months. The lessors decided to remove the aircraft and place them elsewhere at better rents instead of taking such a large open position with Futura. Ultimately it was this decision allied to the large unpaid Eurocontrol fees that forced their hand.
Air Europa while not in a similar situation has agreed to return 2 x A330 and a few B737-800 to GECAS over the next month, unless they can restructure their current operations. As they are backed by Globalia the doomsday scenario is not likely but retrenchment is still on the cards.