Mallorca airline Albastar stops flights, plans insolvency

Palma, Mallorca: Albastar stops commercial flights and plans to file for voluntary insolvency soon. On 12 November 2026, the Spanish Airline Pilots’ Union (Sepla) criticises the airline’s management and says promised investment to renew its fleet has not arrived.

Fuel costs, debt and broken promises

Founded in 2009, Albastar flew charter and scheduled services in Spain and Italy. High fuel costs and debt built up since the Covid-19 pandemic have weighed on the airline.

Sherpa Capital became Albastar’s main shareholder in 2022. Sepla says the investor has failed to deliver promised fleet investment. The union wants answers from Sherpa Capital and the airline’s management about those commitments and their decisions as problems mounted.

Two more airlines face trouble

Slovak charter airline Air Explore stopped operating on 10 November and applied to give up its licence to run flights, known as an air operator certificate. It gave no reason for closing.

Irish airline Fly4 Airlines Green is also in financial difficulty. Ireland’s High Court has approved its entry into provisional liquidation.

Topics: Air travel · Economy · Palma

Source: Europa Press / Mallorca.com