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New Airline And Routes. Air Madrid Is Unstoppable!

Wed Jan 25, 2006 2:58 pm

So, according to Chilean newspaper El Diario Financiero, Air Madrid will open an airline in Argentina, to be called Air Buenos Aires. Air Buenos Aires shall operate regular flights within Argentina and to international destinations.

This project, among others, will be financed by Optursa Management, owned by Air Madrid's president José Luis Carrillo. Carrillo said "the group made profits between four and six million euros in 2005", and added the 2006 results "will depend on us achieving our goals".

Air Madrid will also start flying to Managua, Nicaragua. The airline will build a very own maintenance centre there, "which doesn't exist in the area, and will offer maintenance to other carriers".

Among other projects, Air Madrid will build its own, 12.000 square meters hangars at Madrid's Barajas airport, able to handle three aircraft, and a 4.000 square meters office building. Both projects should be ready in 12 months.

Finally, Carrillo wants his company to own a hotel at each of its destinations, and they will start by building one in Managua.

For those of you who read Spanish, here you are:

Air Madrid abrirá aerolínea de bandera en Argentina

(Publicado : 24/1/2006, 5:32 horas)

Air Madrid abrirá una nueva aerolínea en Argentina bajo el nombre de Air Buenos Aires, que operará vuelos regulares tanto dentro como fuera del país, lo que forma parte de un programa de ampliación a diversos destinos en América Latina y el mundo.

Estos planes incluyen una nueva ruta a Fortaleza (Brasil), inaugurada el 19 de enero, y el inicio de operaciones el 13 de marzo en Tel Aviv, mientras que el 27 del mismo mes extenderá sus servicios con destinos nacionales y europeos.

La compañía, perteneciente al grupo Optursa Management, propiedad del presidente de Air Madrid, José Luis Carrillo, tiene programado abrir una ruta a Managua, Nicaragua, país en el que la aerolínea planea instalar un centro de mantenimiento “a fondo” de aviones, “que no existe en la zona y que daría también servicio a otras compañías”, sostuvo.

Entre los proyectos de la firma destaca la construcción en el aeropuerto de Barajas de hangares en una superficie de 12.000 metros (con cabida para tres aeronaves) y de un edificio de oficinas de 4.000 metros, que tardarán doce meses en ser construidos.

Carrillo aseguró que “estos proyectos serán financiados con los recursos propios del grupo”, que obtuvo beneficios de entre 4 millones y 6 millones de euros en 2005 y auguró que los resultados de 2006 “dependerán de que se cumplan todas las previsiones”.

Air Madrid tendría la intención de comprar un hotel en cada de uno de los destinos a los que vuele, operación que Carrillo inició en Managua.

Aerolíneas Argentinas - La Argentina que levanta vuelo
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RE: New Airline And Routes. Air Madrid Is Unstoppable!

Wed Jan 25, 2006 4:46 pm

Quoting Marambio (Thread starter):
Finally, Carrillo wants his company to own a hotel at each of its destinations, and they will start by building one in Managua.

I wonder what their "secret" formula will be?

This is the second news event in two months involving airlines and hotels. The other being Grupo Posadas purchasing Mexicana from Cintra.

Airlines and hotels, while seeming like a good fit, have never been really able to work, even when undertaken by some of the world's most well-run airlines. I wish Air Madrid well.
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RE: New Airline And Routes. Air Madrid Is Unstoppable!

Wed Jan 25, 2006 5:01 pm

To be honest, NM's parent company is being far too ambitious. If they are not careful, this could really backfire on them. They're already having complications trying to stay on schedule and are flying too many destinations with their small fleet. NM has to get their act together, build up a decently sized fleet, before they can even think of starting up another airline.

Good luck to NM. They are going to need it.
Sometimes the only thing more dangerous than a question is an answer. - Ferengi Rule of Acquisition 208
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RE: New Airline And Routes. Air Madrid Is Unstoppable!

Wed Jan 25, 2006 5:44 pm

I am always more than happy, to see somebody making profits in aviation and building a successful business. But honestly, AirMadrid seems to me to be a little to successful. The airlinebusiness is as we all know, at the moment more difficult than ever. On long range even more people loose money than on shortrange. Not so AirMadrid: They have the magic formula, making money as a startup, going long range, low cost and even loosing the passengers respect every day as the product seems not to be so good....
How shall that work? Either everybody else in business is stupid or they do anything....from taxfraud to laundering money...I don't know, but I have my big doubts.
Well, this is only my impression and opinion maybe I am wrong, at least I shall be happy to learn the opposite, I am just afraid that I will not...

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