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German airline LTU to take over Air Madrid routes and staff

10 January 2007

The German low-cost LTU International Airline will take over most of the collapsed carrier Air Madrid’s Latin American routes and about half of its staff, the Spanish Infrastructures Ministry said Tuesday.

Air Madrid suspended operations and its licence was cancelled mid- December over delays, security concerns and other problems, leaving tens of thousands of passengers stranded.

The ministry said LTU would take over Air Madrid’s routes from Spain to Argentina, Chile, Costa Rica, Ecuador, Panama and Peru. The agreement, which will not cover routes to Brazil and Colombia, was expected to go into force by the end of the month.


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