New Spanish airline Volotea to launch flights this April
21 February 2012Based in Spanair’s former home of Barcelona, Volotea ” derived from the Spanish verb “‘revolotear’†meaning “‘to fly around’†” is being launched by two men with solid experience in the Spanish low-cost carrier biz: Carlos Munoz and Lazaro Ros, co-founders of Vueling Airlines. With the help of private equity firms, Munoz and Ros have secured about $65 million (€50 million) in capital for Volotea. Up to 20 former Spanair employees may be brought on as the airline staffs up.
