Spain (along with other economies like Greece and Portugal) are in severe difficulties. It is not just Iberia, it is the whole country, built on money primarily from Germany etc. Look at the infrastructure that has been put in place in the last decade or so - the motorways, the airport expansion, the railways - none of this has been generated by real Spanish growth, it has all come from public borrowing sponsored by the EU and Germany.
Best post i have seen so far.
"been there,
seen it"
Anyone can confirm (or deny) SEPLA managed (years ago) IB to buy 340īs i.s.o. 330 because they (pilots union) wanted to cross the atlantic on 4 engines, not 2.......
(oh and also staying at 350 or below because of radiation......)
I feel very sorry for all the IB groundcrew, but not their pilots.