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Spanair
Watched a tv program about them a couple years back it was filmed while they were moving from Madrid to Barcelona. The part that stuck in my memory was the part where they explain that the move would cause problems as it was the high season and utility was at its highest, the nw CEO that had come from easyjet asked what was the utilisation...8 to 10 hours a day!!!! the CEO laughed at this which the rest of the managers took badly and stated they should be doing at least 10-12 hrs.......At that point they were losing 10's of thousands of Euro's per day. am surprised they lasted this long! Good news for IB express.
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No surprises here. Spanair has been in trouble for years, old aircraft, poor onboard service and finished off by the crash. Even the Spanish pilots union called for Spanair to have their subsides cut at a time when hospitals and schools are being closed.
Sad for those who have lost their jobs, but as they saying goes... the writing was on the wall. 23% of Spain is now jobless.....:mad: Good Luck Guys.. |
OxfordSpires,
Love the name by the way - Oxford is a wonderful place. I agree that service levels at Spanair had declined (I flew it several times on holiday). When service levels decline, then price becomes the primary factor and it is tough to compete with Ryan, Easy, Air Berlin and Vueling. Again, I hope some of the crews get picked up by Qatar and Emirates with their good flying experience on the Airbus. Beyond Iberia Express, probably not many Euro jobs in the near term. Perhaps Norwegian will need pilots out of Malaga (rumour). |
I wish all the best for the Spanair staff in these very difficult times.
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Confirmed on the Barcelona airport section of the website of AENA, the main airport operator in Spain, and also the Star Alliance website
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Hi,
No surprises here. Spanair has been in trouble for years, old aircraft, poor onboard service and finished off by the crash. Even the Spanish pilots union called for Spanair to have their subsides cut at a time when hospitals and schools are being closed. And it was time .. because such companies with financial problems are a threat to aviation safety (refer to the last accident of Spanair) |
Jcjeant.....the Spanair accident was a very unfortunate event what has nothing to do with the economic situation of the Company.
Spanair was a great company with a very professional and kind staff of who I had the pleasure to know some of them. Some of the comments in this topic are incorrect and hurtful to our colleagues in Spanair. So please keep these comments professional as this forum is intended to be for. |
And it was time .. because such companies with financial problems are a threat to aviation safety (refer to the last accident of Spanair) Is Air France similar as more people died crossing the Atlantic etc etc or BA many years ago because the airline had the wrong bolts fitted in Cabin windows (nobody died then). |
With reference to the comments re the accident having a bearing on the ultimate demise of the company, does anyone know what the general load factors have been over the last few year? has the company been getting smaller or bigger etc? Ie if passenger numbers were in freefall since the accident, then that must be a factor. But I think it has little to do with that.
I would guess that the influx of airlines especially Ryanair at major cities like Barcelona and Madrid have challenged margins hugely. Spanair were often very extremely competitively price on domestic sectors inside Spain. EI-BUD |
I would guess that the influx of airlines especially Ryanair at major cities like Barcelona and Madrid have challenged margins hugely. Spanair were often very extremely competitively price on domestic sectors inside Spain. Anna.aero has an interview with MO'L where he stating its focus is now on Central and Eastern Europe because FR have successfully gained huge market share in Spain and Italy, no doubt they will be looking at more opportunities with the demise of Spanair. Spanair seems to got caught between its original owners SAS and new owners, with SAS desperate to offload years ago. Sadly its another airline where its place in the market was not defined and management / owners unsure what strategy to follow. Sadly Spanair's demise is not a shock or surprise. |
Originally Posted by EI-BUD
(Post 6985350)
Spanair were often very extremely competitively price on domestic sectors inside Spain.
Airline Spanair signed a syndicated loan of 50 million euros with several financial institutions led by La Caixa The Government, through the Institut Català de Finances (ICF), will inject up to 50 million euros for Spanair to secure the capital for the airline. This operation shall remain "transitory and temporary", so that the ICF participation in the company lasts until other investors are incorporated into the capital of the latter, as the Government reported. The European Low Fares Airline Association (ELFAA) is forced to condemn once again the latest round of cash handouts to ailing airline Spanair, by the regional government and City Council of Barcelona - this time to the tune of € 25 million. “This latest injection to keep Spanair afloat is not only a waste of valuable public funds, it is also a flagrant breach of European legislation with respect to competition and state aid,” said ELFAA Secretary General John Hanlon. The future of Spanair appears to depend on a partial take-over by Qatar Airways, although this has so far failed to materialise. In the interim the airline continues to rely on public money, with an estimate that – to date - €120 million has been poured in with no obvious benefit to the taxpayer and to the detriment of free and fair competition. |
Hi,
Is Air France similar as more people died crossing the Atlantic etc etc or BA many years ago because the airline had the wrong bolts fitted in Cabin windows (nobody died then). Air France (if nothing change) is on the edge of collapsing financially The debt amount is growing exponentially :sad: |
because such companies with financial problems are a threat to aviation safety |
Good luck to all.
Lol you canmt even get onto the Spanair website: never mind them saying they have ceased operations. It says on my computer that the connection has timed out when I try to get onto the Spanair website |
Nothing much on here, because pprune is, finally, an English language website.
In spite of the fact that I think their business model sucked , I nonetheless wish anyone dumped into the job market all the luck available in becoming re-employed ASAP. An Airbus rating is probably gonna save you. . . for the MD guys, contemplate paying for a rating NOW, rather than wasting money on one in 1 years time ? ? think about it :hmm: |
Spanair likely to be fined €9 million:
Spain takes legal action against Spanair for alleged breach of aviation regulations - The Washington Post They may have no money left, but they still have to pay up after breaking serious legalisation security rules. |
Well, pretty predictable: Spanair has gone bust. Mainly due to mismangment. More than one senior being a crook there....
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Spanair finally shut down late Friday
After several months of speculation, Spanair was finally shut down late Friday 27th January (the last flight landed at 10.00 on Saturday) after the take over talks with Quatar Airlines fell through and The Catalan Regional Government pulled the plug on any more subsidies.
This was not entirely unexpected however, while sadly some 2000 employees are now out of a job, it will provide extra incomew for the remaining Spanish based airlines not leat the IAG Group of BA and Iberia. Requiat in pacem! |
The time for consolidation is past, because there is no commercial benefit in buying out a failing company. Much better to let them die and then pick up any of the routes, people and equipment that you can.
There are more closures stil to come before this recession/depression has run it's course. The decades of artifical support will take some time to balance out and, of course, it's still not a level playing field. |
Originally Posted by captplaystation
(Post 6984569)
Very forward thinking of the Catalan Govt to renage on their deal in Girona with Ryanair (although they have subsequently been forced to change their mind on that stand-off :rolleyes:) & give it instead to these losers. . . what a shrewd investment that was :D
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