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News: Spanish airline Spanair ceases operations after running out of funds  

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tom911
(@tom911)

MADRID — Spanair ceased operations late Friday after a regional government in Spain announced it could no longer fund the airline, officials said.

Spanair’s financial woes were exacerbated by a 2008 crash that killed 154 people. Eighteen people survived what was Spain’s worst aviation disaster in 25 years. In a statement, the airline said its “last commercial flight will land at” 10 p.m. (2100 GMT) on Jan. 27.

http://www.washingtonpost.com/business/spanish-airline-spanair-runs-out-of-funds-to-cease-operating/2012/01/27/gIQApt2zVQ_story.html?tid=pm_business_pop

AA EXP 3MM, enjoying the retired life, My Travel Photos

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Posted : January 28, 2012 3:21 am
MSPeconomist
(@mspeconomist)

tom911, post: 1162206 wrote: http://www.washingtonpost.com/business/spanish-airline-spanair-runs-out-of-funds-to-cease-operating/2012/01/27/gIQApt2zVQ_story.html?tid=pm_business_pop

An earlier announcement today apparently said that they would cease operations at midnight. It's at least good that they managed to operate their very last flights of the day. It's also good that now doesn't seem to be part of a major holiday travel period.

DL DM (charter) 1.7+MM, A3 *A Gold, SPG Plat, Marriott Plat Premier, Hyatt Diamond (new from SMD3), LHW LC Access, Raffles Ambassador, ICI (Imperial Club International), Hertz #1 Gold, dirt with Hilton (former Gold), Omni, Loews, CO/UA, AA, etc., former NW PE ~1.3MM, TWA ~1.4MM

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Posted : January 28, 2012 3:48 am
SirRagnar
(@sirragnar)
Silver

"Good news for SpanairStar Gold and Silver cardholders. In appreciation of your loyalty, Spanair will shortly be contacting you with the offer of a status match on another Star Alliance member carrier Frequent Flyer Programme. While your accumulated miles cannot unfortunately be transferred to another FFP, this will give you the opportunity to retain your status. Expect to hear from Spanair in the next few days."

From the StarAlliance facebook page.

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Posted : February 22, 2012 12:13 pm