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Albastar is an air transport company founded with the goal of providing on-demand transport services in collaboration with Spanish, Italian, and European tour operators based in Spain and Italy.

In 2014, it opened an operational base at Milan Malpensa Airport and has become a leader in connections to Lourdes. The company is a member of AIRE and the International Air Transport Association (IATA).

Its fleet consists of five Boeing 737-800 aircraft, connecting major European airports with holiday destinations through regular and charter flights of short and medium distance.

It offers customized solutions for leisure, business, and pilgrimage travel, and strives to meet the most rigorous safety standards and reduce CO2 emissions.

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PURCHASE

July, 2022

SECTOR

Air Transport

STATE

Invested

HEADQUARTERS

Palma de Mallorca

PARTICIPATION

Majority

ACQUIRED FROM

Ownership

REVENUE AT PURCHASE

€92,4M

NUMBER OF EMPLOYEES

200

INTERNATIONAL PRESENCE

Spain and Italy

FUND

SPECIAL SITUATIONS III COINVERSION FCR

Fernando Aguado

Operating Partner

Juan Hornedo

Investment Director

One
to one

Commercial

Growth in high-priority markets with high profitability and implementation of a new commercial model.

People and Culture

Cultural transformation of the management team and reinforcement of critical areas.

Operations

Optimization of bases and crews and unprofitable businesses. Strengthening of operations and maintenance.

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