EZYcrew From Spain, joined Oct 2001, 460 posts, RR: 3
Reply 1, posted (10 years 11 months 4 days 17 hours ago) and read 2817 times:
I remember it had something to do with the ATP fleet. BAe didn't want to have more than half the ATP's it produced in only one airlines' fleet.
I read that a few years ago in Flight Int'l and I thought it was an April's Fool's joke.
Maybe I am incorrect as I'm not quite sure what I remember.
BestWestern From Hong Kong, joined Sep 2000, 7303 posts, RR: 57
Reply 2, posted (10 years 11 months 4 days 15 hours ago) and read 2783 times:
I was in Madrid the day that Air Europa Express closed.
Prior to 9/11 Iberia had a significant number of 737-400 on damp-lease from Air Europa, and returned them at the last moment.
AE express was a marginally loss making operation, and faced with lack of revenue from the termination of the 734 operation AE had no choice but to close AE Express, or risk the bankruptcy of the entire company.
At the same time Spanair terminated their North-Atlantic scheduled operation.
At this time Madrid was a real parking lot of aircraft, with significant IB 727, DC9 and DC-10 fleet parked awaiting disposal where they are now building the new terminal.