> renamed | ^ merged in | => merged to form airline | +> or + assets taken | < divided |
Air Madrid was established in 2003 and started operations in May/2004. The International Air Transport Association (IATA) announced that Air Madrid was suspended from IATA operations worldwide on 15/Dec/2006 following confirmation that the airline had ceased operations. On 16Dec2006, Air Madrid suspended all flights, leaving thousands of people stranded, as a consequence of a Spanish government investigation into its operations and due to constant customer complaints regarding poor service, which resulted in the cancellation of its operational licence
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