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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (91824)	6/24/2012 8:38:35 AM
From: elmatador	Respond to of 217556

How the debts were created: Ciudad Real airport (200 km to Madrid). The airport construction project had a budget of 1.1 billion euro. The passenger terminal is planned to process a maximum of 10 million passengers a year, and its cargo facilities are planned to process a maximum of 47,000 tonnes a year, with the longest runway in Europe. In 2009 the total number of passengers was 53.000. Currently there are two flights every week (obviously the the airline that operates in this airport receives subsidies to do that). This october there will no longer be commercial flights and the airport probably will be sold to the U.S. Army. eucitizens.eu Current situation The airport is now in receivership. Due to poor planning and overoptimism on the part of large financial investors, major deficiencies in the early planning stages were overlooked. A single airline signed up to fly out of the airport and none of the potential airlines that were considered were actually interested in utilizing the airport. The actual passenger traffic was measured in the low thousands, compared to the anticipated traffic of up to 10 million. The future outlook is bleak after closure. The airport has contributed significantly to the financial trouble of the creditor institutions and the Castilla-La Mancha Regional Government. en.wikipedia.org