A Russian Antonov, one of the world’s largest cargo planes, has been parked at Alicante airport since the end of March, something the airport is charging over a thousand euros a day for the privilege of. The plane, from the Ivory Coast, landed on 28 March without cargo and has not yet set departure date. “Parking fees” are calculated on the weight of the craft and duration of the stopover, meaning...
Finance
DESPITE gloomy forecasts Spanish olive oil manufacturers look set to produce about 40% more oil this year than the previous 12 months. However, prices have slumped dramatically, down by 26% on the corresponding period in 2018. To further complicate matters other leading producers are seeing a major slump in production, 59% in Italy and 42% in Greece for example. This has led to a 43% increase in Spanish...
VALENCIAN supermarket chain Mercadona has been rated tenth in the annual list of Spain’s most valuable brands, with global fashion giant Zara once again heading the list. The BrandZ ranking gives the businesses a dollar value with Zara being valued at $25,000 million, followed by Movistar ($21,600 million) and Santander third but a long way behind the second spot at $9,900 million. The top ten is...
ICELAND’S Wow Air has been the latest budget airline to fold, leaving thousands of passengers stranded. The Reykjavik based carrier had operated out of three Spanish airports including Alicante as well as two UK routes. It hit the headlines three years ago for offering flights from Europe to the US for just £99, a strategy that many considered risky. The closure has not surprised industry insiders as...