Futura International Airways


Futura International Airways was an airline with its head office in the Zona Facturación on the property of Palma de Mallorca Airport in Palma de Mallorca, Spain. It operated scheduled services and charter flights for tour operators and other airlines, in Europe, as well as wet lease and ad hoc charters. Its main base was Palma de Mallorca Airport. After failing to re-finance itself the company ceased trading on the 8 September 2008, leaving many passengers stranded in and around Spain.
There was also an intrastate airline operating in California in the U.S. in 1962 flying as Futura Airlines with Lockheed Constellation propliners serving Los Angeles, Oakland, Sacramento, Fresno, Bakersfield and Lake Tahoe.

History

The airline was established in 1989 by Aer Lingus, Belton Air and Banco Santander, starting operations on 17 February 1990 with a flight from Palma de Mallorca to Manchester. During the 1990s, the airline expanded to cover the whole of Europe, including the Canary Islands in the South and Scandinavia and Iceland in the North, with charter flights, ad hoc charters, third party short-medium-long term operations and ACMI. Under the leadership of CEO Roman Pané , it used to operate its own scheduled flights and ad hoc flights on behalf of various tour operators and airlines in Europe, North and South America, Africa and Southeast Asia. Futura operated from five permanent bases: Palma de Mallorca, Tenerife, Málaga, Gran Canaria and Dublin; as well as various other seasonal bases throughout the year..
The airline was later owned by Corpfin Capital, Aer Lingus and management and employees. On 16 October 2007, Corpfin Capital and Aer Lingus sold their stakes, during the process of a secondary buyout instigated by the present management team, making way for the participation of the investment fund Hutton Collins, so that the resulting shareholdings were as follows: the Futura Group had 53.5% and Hutton Collins owned 46.5%. The airline had 1,211 employees. It wholly owned cargo subsidiary Flyant and Dublin-based Irish charter airline Futura Gael.
In 2008, a few months prior to its demise, in order to reduce the cost base structure, Futura relaunched Flyant as a new passenger carrier with a class-1 AOC, while continuing freighter operations as well under the Flyant name as well. Flyant took over some Futura operations, wet leasing a Boeing 737-300 and a 737-400 to Air Algerie, both aircraft and crew were based in Algiers. Futura also set up and operated a successful turn-key airline setting up and management consultancy and offered its services and on the ground aircraft maintenance services as well to several air carriers across continents, one example being Aerolínea Principal in Chile.
The airline abruptly ceased operations at 00:00 on September 8, 2008, due to a lack of cash. Its AOC was revoked by the Spanish Aviation Authority two weeks later after the airline was unable to show a viability plan. Since then, its grounded fleet was gradually returned to lessors.
Flyant, which also ceased operations initially alongside parent Futura, later continued in the cargo business, having been sold for the symbolic amount of one Euro, to New Iberital, a Catalan logistics group, which later renamed it Saicus Air. Flyant/Saicus Air continued operating a reduced fleet of a single Boeing 737-300, although eventually this other airline also ceased operations on 14 December 2008. : An attempt was made to restart passenger operations under Saicus Air using MD-83 aircraft however, that also was unsuccessful.

Subsidiaries

- An Irish-based wholly owned subsidiary set up in 2007 to begin charter flights from Ireland to the EU.
Flyant

Futura Formación TRTO

Futura Mantenimiento

Destinations

Domestic

Futura's aircraft were painted in white through the fuselage area, with the name Futura in blue over the front passenger windows. The tails carried Futura's logo and were painted blue.

Fleet

As of 4 September 2008, the Futura International Airways fleet consisted of the following aircraft:
Aircraft#SeatsNotes
Boeing 737-3002146one aircraft was operated by Aerolínea Principal
Boeing 737-40011170one aircraft was operated by Aerolínea Principal, one aircraft was operated for Blue Panorama Airlines,
two aircraft were operated for Jetairfly, one aircraft was operated for Air Algérie, one aircraft was operated for Binter Canarias and one aircraft was operated for Blue Air
Boeing 737-80012189one aircraft was operated for SunExpress, one aircraft was operated for JetX Airlines and one aircraft was operated for Jetairfly
2which were operated for Arkefly