The B767 was returned to the leasing company a few months back
The Madrid operation was losing a load of money and lead investors Leadgate decided to give up and code share with IBERIA
They have also given back their 737s and the fleet is now made up of 5 Bombardiers
The company is heavily indebted and owes cash to ANCAP the state controlled petrol company - my understanding is that they virtually ahve to pay up front for gas - the wto companies are negotiating a payment plan