German charter airline LTU is to take over most of the Latin American routes flown by collapsed low-cost carrier Air Madrid. It will also employ about half of Air Madrid’s 1,000 staff. The agreement was announced by the Spanish Infrastructure Ministry, which is responsible for transport.
Air Madrid – which was notorious for lengthy delays – halted operations without warning in December. It blamed bad publicity surrounding Spanish government threats to suspend its licence. The sudden grounding of its fleet left 120,000 passengers stranded.