Capital146
Topic Author
Posts: 2099
Joined: Sun Jun 15, 2003 8:45 pm

Why Did Air Europa Express Cease?

Fri Jan 23, 2004 4:51 am

Anyone know the reason why they ceased trading in 2001?

I remember at the time hearing that the operation was successful and that there were quite a few people surprised it had been closed down.


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EZYcrew
Posts: 454
Joined: Mon Oct 29, 2001 7:26 am

RE: Why Did Air Europa Express Cease?

Fri Jan 23, 2004 5:19 am

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
Posts: 7079
Joined: Fri Sep 08, 2000 8:46 pm

RE: Why Did Air Europa Express Cease?

Fri Jan 23, 2004 7:29 am

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.

This period left Iberia a strong airline.
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