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Air Comet makes rival offer for Air Madrid routes and personnel (Air Comet contraoferta para quedarse con las rutas y empleados de Air Madrid).

Europe Intelligence Wire

| January 17, 2007 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From El Pais)

In Spain, low-cost regional airline Air Comet is in negotiations with the ministry for public works to reach an agreement similar to that reached with German group LTU. Under the LTU agreement, more than half of Air Madrid's workforce became employees of the German group. LTU also promised to honour Air Madrid tickets, subject to the payment of a surcharge of 250 euros per segment not honoured by the Spanish airline.

Air Comet, for its part, is offering to honour these segments for 200 euros each and take on around 500 Air Madrid personnel, according to Air Comet chairman Gerardo Diaz. While predicting that flights to Buenos Aires would begin …

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