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As I advanced last night, Spanair collapsed yesterday, stranding at least 23,000 passengers who have turned up at airports only to be told “sorry, we’ve gone bust”. The company will file for bankruptcy protection on Monday, but as from 2am this morning it cancelled all flights, as it was unable to meet its fuel bill, and informed the Spanish flight authorities that it was unable to meet passenger requirements. It’s the 15th Spanish airline to Continue reading Bye bye Spanair
La Voz de Almería, our local paper, has received confirmation from the AENA, the airports authority, that Almería airport is part of a mass “viability study” by the government, which is examining Spain’s loss making airport infrastructure for savings. At the close of 2010, Almeria airport was technically worth 75 million euros, but had accumulated aggregated debts of 110 million euros. It has lost 35% of passenger traffic over the last four years and seen Continue reading Almeria Airport part of “viability study” by government, confirms La Voz
Spain halted subsidies for renewable energy projects to help curb its budget deficit and rein in power-system borrowings backed by the state that reached 24 billion euros ($31 billion) at the end of 2011. “What is today an energy problem could become a financial problem,” Industry Minister Jose Manuel Soria said in Madrid. The government passed a decree today stopping subsidies for new wind, solar, co-generation or waste incineration plants. The system’s debts were racked Continue reading Spain Suspends Subsidies for New Renewable Energy Power Plants