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Air Comet fights to keep aircraft
24 November 2009
The Spanish airline owes aircraft leasing companies lease rentals. Sophie Segal investigates.
Read more:
[Air Comet]
[Grupo Marsans]
[Spain]
[Latin America]
[Airbus]
[Air Austral]
[Aerolineas Argentinas]
[Spainair]
[A320s]
An aircraft leasing company is threatening to repossess some of the few remaining aircraft at Air Comet, the Spanish airline that flies between Spain and Latin America.
The carrier, which is owned by private company Grupo Marsans, also owes air traffic control fees and staff wages.
Three leasing companies have repossessed aircraft or terminated leases with the airline over the last 18 months. One lessor reached an amicable termination of a lease for an A320 on Friday November 13. The airline says it is now operating five A330-200s and three A340-300s.
The leasing company is taking back five of the remaining aircraft. “We’ve terminated our leases and we are going into repossession mode,” says the lessor. If the lessor is successful the carrier will be left operating just three aircraft that are on finance leases.
Air Comet is fighting to keep the aircraft. “We are not...
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