History
The airline was established as a regional passenger carrier in 1994 but started full cargo operations in November 1998. It was founded by Regional Airlines of France and business airline Gestair of Spain as Regional Líneas Aéreas. It operated scheduled passenger flights from Madrid with a fleet of Saab 340 until January 1998. It then re-emerged as Cygnus Air operating all-cargo services with two Douglas DC8-62F aircraft. In July 2002, a DC8-73F was phased in. The airline is owned by Macholfam International (Grupo Gestair) (60%) and IMES (Grupo ACS) (40%). From 2006 onward, and for legal concerns, its legal name changed to Corporación Ygnus Air. Since May 2007, its commercial name has changed to Gestair Cargo, as part of the new brand positioning carried out by the Gestair Group.
Gestair Cargo's main client is Iberia Airlines (at May 2007).
Read more about this topic: Gestair Cargo
Famous quotes containing the word history:
“Most events recorded in history are more remarkable than important, like eclipses of the sun and moon, by which all are attracted, but whose effects no one takes the trouble to calculate.”
—Henry David Thoreau (1817–1862)
“The history of all countries shows that the working class exclusively by its own effort is able to develop only trade-union consciousness.”
—Vladimir Ilyich Lenin (1870–1924)
“Indeed, the Englishman’s history of New England commences only when it ceases to be New France.”
—Henry David Thoreau (1817–1862)