Grupo Marsans

[3] Grupo Marsans was privatised in 1985, when it was acquired by the Trapsa holding, headed by Gonzalo Pascual and Gerardo Díaz Ferrán; it had previously been part of the Spanish consortium INI.

[11] According to Spanish newspaper ABC, the downfall of Grupo Marsans was precipitated by mounting financial difficulties arising from the inability of the management to properly handle the airlines that had been gradually incorporated, which eventually led to a €320 million debt the group was unable to afford.

[17] AeBal, Aerolíneas de Baleares was established in 1999 and started operations on 5 July 2000 from Madrid with domestic services and an initial fleet of three Boeing 717 aircraft.

[27][28] Aerolíneas del Sur was later rebranded as Air Comet Chile, and served several destinations within the country, including Antofagasta, Calama, Concepción, Iquique, Punta Arenas, Puerto Montt and Santiago.

[29] The airline was created in 1996,[17] and served primarily Latin American destinations, including Buenos Aires, Havana, Guayaquil, Lima and Quito.

[30] Baleares-based Spanair was founded in December 1986 (1986-12) by SAS and Teinver, a holding owned by Gonzalo Pascual and Gerado Díaz Ferrán.

An Aerolíneas Argentinas Boeing 747-400 arrives at Barajas Airport in 2009. Grupo Marsans bought into the carrier in 2001; [ 2 ] in 2008, the government of Argentina expropriated the airline. [ 8 ]
Marsans received the first A330-200 on behalf of Air Comet in 2008; [ 6 ] this subsidiary folded in late 2009, [ 8 ] precipitating the group's downfall. [ 3 ]