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Spanish airline Spanair ceases operations after running out of funds

28 January 2012

Spanair ceased operations late Friday after a regional government in Spain announced it could no longer fund the airline, officials said.

Spanair’s financial woes were exacerbated by a 2008 crash that killed 154 people. Eighteen people survived what was Spain’s worst aviation disaster in 25 years. In a statement, the airline said its “last commercial flight will land at” 10 p.m. (2100 GMT) on Jan. 27.

The regional government of northeastern Catalonia, which had been investing in the country’s No. 4 airline since its 2008 purchase from SAS Scandinavian Airlines System International, said in a statement that it could no longer bankroll Spanair.

source: washingtonpost.com

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