AlbaStar Suspends Flights and Prepares Insolvency Filing
7 Articles
7 Articles
Mallorcan company requests creditor contest while negotiating with several investors to try to avoid definitive closure
The Mallorcan charter asks for creditors after the failure of the sale of the company
AlbaStar suspends flights and prepares insolvency filing
Spanish charter airline AlbaStar suspended commercial flights on 10 November 2026 and said it would apply for voluntary insolvency proceedings. The Palma de Mallorca-based carrier is still in talks with potential investors in an effort to resume operations. In a letter to business partners seen by Spanish trade publication Preferente, managing director Oriol Hernández said […]
The airline Albastar, which is based in Mallorca, has temporarily suspended its operations and applied for insolvency proceedings. Managing Director Oriol Hernández justified the move in a letter to employees and partners with financial difficulties, as the Spanish travel portal "Preferente" reported.
AlbaStar suspends operations and presents creditor contests for the pandemic debt. Winter charter flights and 200 jobs remain in the air. The AlbaStar ticket suspends its flights and requests the creditors contest for the pandemic debt aparece primero en Merca2.
The airline AlbaStar has announced the temporary suspension of its commercial operations and the next request for creditor competition, according to specialized aviation publications. “We have made the difficult decision to temporarily suspend commercial operations,” explained its director general, Oriol Hernández, who attributes the decision to the accumulated indebtedness since the pandemic, aggravated during the last year by geopolitical tens…
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