Spanair still using public money While the Catalan public treasury coffers are seen as more and more exhausted, the airline Spanair, acquired by the tripartite
in 2009 received an emergency loan of ten million euros for avoid bankruptcy.
Spanair was acquired by a group of businessmen Catalans with low-interest public loans in 2009, intending to rescue and make it the airline of the Catalan nationalist. From the outset, the cost of investments, loans and aid of all kinds, set in over 400 million enabled the company suggests that it would be a complete fiasco, maintained only by the nationalist obsession unhealthy, indifferent to the expense when it is with taxpayer money. It said at the time that the company "would not cost a single euro" to the Catalans, but the bill keeps growing and growing .. For all but the incompetent manager, the nationalist Ferran Soriano, the old Laporta dolphin, placed by their ideology at the top of the company that has been used only for rich: So, your first decision in front of it was that the "prize" at the end of the year the Board of Directors-Soriano and his vice-pass of 43.000 euros for the former executives to 450,000 ...
few months ago published an article
Porta Perales on the subject which unfortunately continues in full force :
should ask why the SAS-old company that owns the airline, it appears most Spanair assuming debt of half a billion euros and responsibilities arising from the tragic accident at Barajas. Well, because Spanair is a ruinous and pays to get rid of it even by paying the debt. Another question: why the Balearic government and business have given up buying a company that had its head office and operations base in Palma de Mallorca? Well, because they sense that Spanair will be very difficult to revive. A couple more questions: why the Catalan business has cost both finance the purchase? Why the most powerful financial institution in Catalonia that has been out of operation by promising, at most, external support still to be defined? Well, for one and a distrust of the profitability of the airline.
At this point, it is not difficult to perceive the risk that we talked about before, Spanair can break sooner or later and few are willing to endorse the disaster out of his pocket. In any case, some employers - why believe? "To curry favor with power? "To avoid being branded as unpatriotic? Why the promise of low-interest government loans? - Yes support the operation. And who also avalanche with public money, are the city of Barcelona and the Generalitat.
Is it worth keeping a company afloat just to maintain ruinous the business reputation of nationalist leaders? Do you realize that while the city cut benefits the Government is wasting no problems with identity issues as the airline?
