BE CNA Commenced operations 1993 Headquarters Palma, Majorca Ceased operations 1996 | CNA - Fleet size Fleet below Founded 1993 | |
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Operating bases Key people Francisco Carrión Orfila Honorary President | ||
Centennial Airlines was an airline based in Palma de Mallorca, Spain.
Contents
History
Centennial Airlines was founded in 1993. It operated charter services from its base in Mallorca using McDonnell Douglas MD-83 aircraft.
Owing to fierce competition from other airlines that pushed charter fares down, the airline's relatively small size compared to its Northern European competitors and the lack of significant amounts of passenger bookings during the winter season, Centennial Airlines soon faced serious financial difficulties. Finally Centennial Airlines went bankrupt in 1995 and ceased operations in 1996.
An investigation regarding the apparent fraudulent bankruptcy of the company followed. The accused were the former administrators of Centennial Airlines SA, including its Honorary President, Francisco Carrión Orfila, a prestigious Spanish entrepreneur and former owner of the Menorca-based 'El Caserío' cream cheese factory. Mr. Carrión would be later acquitted of all charges.