Showing posts with label Spain's first private airport goes bust. Show all posts
Showing posts with label Spain's first private airport goes bust. Show all posts

Sunday, 30 October 2011

 

Spain’s first private airport has closed. The Ciudad Real Airport was opened in December 2008, considering that it could act as a Madrid overflow for residents in the south, but that just has not happened. The very last flight, operated by Vueling and with just 45 passengers, took off for Barcelona on Saturday at 2,45pm. The airline lasted less than a year at the Ciudad Real airport which has been dogged by bad luck from the start. It had problems with the environmental agency in 2005 as it is located in a special bird protection area, there were complaints that as much as 50% of the building works were illegal, it needed a continued supply of capital, and the intervention of the Bank of Spain in the CCM Castilla La Mancha savings bank revealed more irregularities. The airport closes with the company, CR Aeropuertos, owing its creditors more than 290 million €. It opened with debts of 1.7 million, and a poster declaring ‘Our dreams take off’, can still be seen in the Cuidad Real City Hall. The airport had hoped to attract seven million passengers a year, and managed to attract the airlines, Air Nostrum, Air Berlin and Vueling, with the attraction of a AVE high speed train station at its door, and one of the longest runways in Europe, but the facility never attracted more than 500,000 travellers in the first year. It was not long before some flights had more crew than passengers. There has been a rash of private airport projects in Spain, started during the economic boom, and there were six projects in total in Cataluña, Aragón, Valencia, Murcia, Andalucía and in Ciudad Real. Only one has opened, and today, has now closed for business.

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