Spanair SA, the Spanish airline involved in a crash that killed 154 people in 2008, ceased operations after Qatar Airways Ltd. (105701QD) halted takeover talks and the regional government refused to provide further funding.
The final flight landed at about 10 p.m. yesterday, the Barcelona-based carrier said in an e-mailed statement, citing “a lack of financial visibility for the coming months.” The closer may affect as many as 23,000 passengers this weekend and will see 120 flights canceled, spokeswoman Sandra Melendez said.
“We were in a very advanced process of finding a financial partner, but we were notified by the regional government that it couldn’t finance our operations anymore and that Qatar wouldn’t invest,” Chairman Ferran Soriano said on state-owned TVE. Closing operations was “the most prudent and safe” decision, he said. Closely held Spanair wouldn’t confirm a statement made by former owner SAS AB (SAS) that it had filed for bankruptcy.
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