Spanair

Spanair is an airline based in Palma de Mallorca, Spain. It was until recently a subsidiary of Scandinavian Airlines Systems, which now holds slightly under 20% of the company.

Spanair provides a scheduled passenger network within Spain and Europe, with an extension to West Africa. Worldwide charters are also flown for tour companies.

Its main base is Son Sant Joan Airport, with hubs at Barajas International Airport, Madrid and El Prat International Airport, Barcelona. It employs 2535 staff.

The airline was established in December 1986 and began operations in March 1988.
It was set up as a joint venture between Scandinavian Airlines Systems and Viajes Marsans, and began operations with European charters.
Long-haul flights to the United States, Mexico and the Dominican Republic were launched in 1991, followed by domestic scheduled flights in March 1994.
The airline flew long-haul flights with Boeing 767-300 aircraft to Washington and Buenos Aires in the late 1990s. Spanair joined Star Alliance in 2003.

The company was owned 94% by the SAS Group Scandinavian Airlines Systems. SAS Group announced in a press release June 13, 2007 that it would sell its shares in Spanair.

The divestment was canceled on June 19, 2008 due to SAS not being able to sell for a price that it considered to "reflect the underlying value in Spanair".

On 30 January 2009, however, a one euro bid from group of investors from Catalonia, led by the Consorci de Turisme de Barcelona and Catalana d'Inciatives, was later accepted, whereupon SAS became a minority shareholder

Address:	Palma de Mallorca
Website:	www.spanair.com