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[FrugalFlyerv2.0]

The collapse comes after Qatar Airways stopped takeover talks, ending the prospect of further financing, and also reflects weak demand for air travel in Spain.
The airline was seen as a flagship of the regional government of Catalonia, which had helped it stay afloat with more than 150m euros of subsidies.
On Monday, Ryanair said it was examining opportunities in Spain following the collapse of Spanair. "We certainly see it as an opportunity to expand our base," it said.

BBCnews

[AstroLounge]

FrugalFlyerv2.0, on 30 January 2012 - 10:53 AM, said:

The collapse comes after Qatar Airways stopped takeover talks, ending the prospect of further financing, and also reflects weak demand for air travel in Spain.
The airline was seen as a flagship of the regional government of Catalonia, which had helped it stay afloat with more than 150m euros of subsidies.
On Monday, Ryanair said it was examining opportunities in Spain following the collapse of Spanair. "We certainly see it as an opportunity to expand our base," it said.

BBCnews

Sad to see the carrier fold but the entire Spanish Economy is in turmoil.........reportedly one quarter of the workforce population is Unemployed. Blow to STAR Alliance in covering the Spanish Market. STAR has had issues with several carriers over the years.....Varig, Ansett,BMI,Shanghai,Mexicana and now Spanair.