Spain: airline in crisis

Air Madrid has suspended all of its flights leaving thousands of passengers stranded over Christmas.It is reported between 200,000 and 300,000 passengers could be abandoned as a result of the airline’s action. Its main destinations are Buenos Aires, Sao Paolo and Mexico. The independent carrier is blaming its actions on a development ministry threat to suspend its licence. The budget airline said ticket sales had fallen dramatically since the announcement from the development ministry and suppliers had refused it credit. The ministry said that Air Madrid had not fully carried out an action plan to cut delays, saying it would have to present new information to support its case to keep flying.Read more here.

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