Palmair European was a British tour operator with its head office in the Space House in Bournemouth, United Kingdom.
Palmair have now stopped any flights for the foreseeable future and the airline has been placed into a "deep freeze" until the economic climate improves.
The company holds a United Kingdom Civil Aviation Authority Air Travel Organiser's Licence (ATOL0003).
Upgraded aircraft were acquired in 1999 to reflect increased demand for capacity from Bournemouth and for the introduction of longer range routes.
As a result, during the Winter and Summer of 2010, Thomson Airways operated Palmair's routes to Lanzarote and Tenerife (these were their only destinations at the time).
Bosses stated that they won't be issuing any new schedules for the airline in the foreseeable future and that Palmair would be placed in a deep freeze, at least until the climate improves.
The contributing factors to the downfall of Palmair was said to have been increasing competition from various low cost airlines using Bournemouth airport, rising fuel prices and the recession.
Previous managing director David Skillicorn was featured in an interview with local newspaper "The Daily Echo" in which he talked about his time while working at the company before leaving, in which his famous final words were "Never say never".