Hola Airlines of Spain (based in PMI) reportedly ceased operations yesterday.
beamender99
16th Feb 2010, 21:25
Lots of news items confirming this.
Hola Airlines suspends all operations (http://blog.seattlepi.com/worldairlinenews/archives/194657.asp)
More details in the above item
11Fan
16th Feb 2010, 22:27
Changed their name from Hola to Adios........:}