Spanish Airline AlbaStar Suspends Operations, Prepares for Insolvency.

Spanish charter airline AlbaStar, based in Palma de Mallorca, has suspended its flight operations and is preparing to file for insolvency proceedings, raising concerns about its future.

Founded in 2009, the airline reportedly attributes its financial difficulties to inherited debt, rising fuel costs and geopolitical tensions, which have placed increasing pressure on its business.

CEO Oriol Hernández confirmed that negotiations with potential investors are still ongoing. These discussions could determine whether the airline secures financial support and has a path to resume operations.