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It is the third Spanish airline to go under during the past five years after Air Madrid in 2006 and Air Comet in 2009.
ReplyDeleteThe airline focused on domestic flights in Spain and medium-haul routes to other destinations in Europe and North Africa where it faced stiff competition from low-cost carriers such as Ryanair and Easyjet.
"The demise of Spanair is the result of bad management on the one hand but most of all on the problem it had with short-haul flights in Spain and those to Europe and North Africa," said Inversis analyst Julian Coca.