Air Madrid

Air Madrid was a Spanish airline headquartered in Madrid and based at Madrid Barajas International Airport. It operated scheduled passenger and cargo services to destinations in Europe, Latin America, and the Caribbean.

The airline was founded in December 2003 and began operations in May 2004. It aimed to serve the growing demand for travel between Spain and Latin America. Air Madrid rapidly expanded its route network and fleet, acquiring Airbus A310, Airbus A330, and Airbus A340 aircraft.

However, Air Madrid faced significant financial difficulties. In December 2006, the Spanish civil aviation authority, AESA, suspended Air Madrid's operating license due to serious safety concerns and numerous passenger complaints regarding delays, cancellations, and poor customer service. The airline abruptly ceased operations on December 15, 2006, leaving thousands of passengers stranded, particularly during the Christmas holiday season.

The collapse of Air Madrid resulted in widespread disruption and criticism. Investigations were launched into the airline's management and financial practices. Numerous lawsuits were filed by affected passengers and creditors. Air Madrid's failure highlighted the challenges faced by smaller airlines in a competitive market and the importance of maintaining high standards of safety and customer service. The company subsequently declared bankruptcy and was liquidated.