acelanzarote
Topic Author
Posts: 458
Joined: Wed Nov 09, 2005 10:52 pm

Islas Airways In Trouble

Tue Oct 16, 2012 12:39 pm

Aena.es show all Canary inter island Islas Airway flights cancelled, rumor has it the crews are owed
4 months wages and that the Spanish Government owes Islas 12million Euro for the Resident
discount fare scheme. Unable to find any news reports on the net yet but whatever the case not
looking good really....

keith
from the Island with sun and great photo's.. Why not visit Lanzarote
 
Flying-Tiger
Posts: 3923
Joined: Mon Aug 23, 1999 5:35 am

RE: Islas Airways In Trouble

Tue Oct 16, 2012 12:49 pm

A note on their website http://www.islasnet.com/uploads/info_pax.pdf confirmed their temporary suspension of services. Whatever temporary really means...
Flown: A319/320/321,A332/3,A380,AT4,AT7,B732/3/4/5/7/8,B742/4,B762/763,B772,CR2,CR7,ER4,E70,E75,F50/70,M11,L15,S20
 
UALWN
Posts: 2172
Joined: Mon Jun 01, 2009 3:27 pm

RE: Islas Airways In Trouble

Tue Oct 16, 2012 12:54 pm

It was already in the news yesterday night:

http://economia.elpais.com/economia/...15/agencias/1350309541_589036.html

Only in Spanish, apologies. In summary, the CEO says that Islas will suspend their scheduled operations, and keep only their charter flights... He talks about "unfounded complaints" brought up by their main competitor, Binter Canarias...
AT7/111/146/Avro/CRJ/CR9/EMB/ERJ/E75/F50/100/L15/DC9/D10/M8X/717/727/737/747/757/767/777/787/AB6/310/32X/330/340/380
 
acelanzarote
Topic Author
Posts: 458
Joined: Wed Nov 09, 2005 10:52 pm

RE: Islas Airways In Trouble

Tue Oct 16, 2012 12:59 pm

This sent to me, I presume off a forum...
Keith



Reports were flooding in this morning about the Canary Islands airline, Islas Airways having to cancel a third of flights on Sunday. In a press conference at 18:00 this evening, the announcement was made that the company have temporarily suspended scheduled flights due to exceptional circumstances, all of their flights from today have been cancelled.

Islas Líneas Aéreas Suspend Flights

The problems started last Tuesday when the airline were forced to cancel flights due to a number of pilots calling in sick. Apparently the company have been unable to pay staff for a couple of months, which led to the claim for illness. It’s believed that approximately 12 million euros is owed to Islas Airways for the resident discount scheme, which is one of the reasons that the airline has been experiencing economic difficulties.

The announcement released for passengers travelling with Islas Líneas Aéreas confirmed that from the 16th October 2012 Islas Airways are temporary suspending their regular operations due to exceptional circumstances and all their flights have been cancelled from today.

President of Islas Airways, Miguel Concepción communicated the decision to temporarily close the airline for reorganisation to the Ministerio de Fomento.

Passengers with flights booked with Islas Airways are advised to contact their travel agent or the call centre / company website if purchased direct from the airline for refunds.
from the Island with sun and great photo's.. Why not visit Lanzarote
 
jdevora
Posts: 225
Joined: Tue Aug 08, 2006 4:41 am

RE: Islas Airways In Trouble

Wed Oct 17, 2012 8:34 am

This is very bad news for us, it gives Binter the intra-islands flights monopoly.

They already introduced a premium fare when Islas started to reduce the number of flights

Lets hope that the plans for attract new investors come through.

Cheers
JD
 
r2rho
Posts: 2439
Joined: Tue Feb 27, 2007 10:13 pm

RE: Islas Airways In Trouble

Wed Oct 17, 2012 9:43 am

Quoting jdevora (Reply 4):
This is very bad news for us, it gives Binter the intra-islands flights monopoly.

Indeed, this is bad news for an island region dependent on air travel to communicate the islands. I do not know the reasons for Islas' downfall, but if the market is not big enough to sustain two competitors, then Binter should be made to operate under a public service contract with regulated fares and routes.

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