A388 From Netherlands Antilles, joined May 2001, 10516 posts, RR: 15 Posted (8 years 8 months 1 week 2 hours ago) and read 2490 times:
I have seen a few pictures of Air Madrid aircraft grounded and even going to other airlines because Air Madrid ceased all operations on December 15th of last year apparently but I can't find any information here in the forum.
So what's the complete story of Air Madrid ceasing all operations and why? Any inside information?
Bx737 From Ireland, joined Sep 2001, 723 posts, RR: 3
Reply 1, posted (8 years 8 months 1 week 2 hours ago) and read 2475 times:
It was covered in other forums but the main point is that Air Madrid specialised in delays. Mosrt airlines delays could be a few hours. It nearly made the news when an Air Madrid flight left on the same day it was supposed to. Air Madrid was not too good at looking after its stranded passengers in the delays. The Spanish government were very annoyed by this and told Air Madrid to improve this. They did not. Eventually the Spanish government told Air Madrid that their license to operate would be revoked. Before this happened, management shut the airline down. Apparently there were also large debts and one of their A330s could not fly due to it needing a replacement part but Air Madrid couldn't get it. I am open to correction on some of the facts.
LTU also expressed a wish to take over their assets and staff but this fell through, some other Spanish airline stepped in and offered to take over routes and staff, I think it was Air Comet.
A388 From Netherlands Antilles, joined May 2001, 10516 posts, RR: 15
Reply 2, posted (8 years 8 months 1 week 1 hour ago) and read 2408 times:
So why did Air Madrid do what they did? Why didn't they listen to the Spanish government who warned them their license would be revoked if they didn't improve their operations? Didn't the management of Air Madrid at all about these warnings and the stranded passengers?
Sounds very unprofessional of Air Madrid that they allowed their flights to delay so much and not caring for the stranded passengers.
Were there any other (management) scandals involved in Air Madrid ceasing operations so soon?