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NEWS Last modified on August 26, 2010

Last chapter Don Quijote?

Ciudad Real Central Airport, which began life as Don Quijote and has also been known as South Madrid, has filed for bankruptcy with debts of nearly...

Ciudad Real Central Airport, which began life as Don Quijote and has also been known as South Madrid, has filed for bankruptcy with debts of nearly €300 million just two years after opening.

The airport, which suffered a much-delayed opening due to difficulties getting the financing necessary to fund its construction, had ambitions to become Madrid’s second gateway but only succeeded in attracting two scheduled services to London Stansted (Ryanair) and Palma de Mallorca (Air Berlin) and handled just 55,000 passengers in 2009.

The survival of Spain’s only privately owned international airport now possibly depends on whether the regional government of Castilla-La Mancha, the area where it is located, follows through with plans to buy the gateway.

The airport is estimated to have cost its backers more than €1.1 billion to build and operate.

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