Helitt Líneas Aéreas closes down

A Helitt airplane flying from Badajoz airport / Flickr - José A.

The Málaga airport based airline Helitt Líneas Aéreas closes down after four years. According to Preferente.com, based on the information by ElMundo, José Pizarro – chairman – informed the employees through a letter that their contracts have been terminated.

The company had a debt of 5 million Euros. The owner – The Pizarro family – also has about 20,000 parking places in Spain and Morocco.

In August 2013, another piece by Preferente.com informed that the airline would no longer operate schedule services. Still, at that moment, they would continue to operate charter flights. This way, they offered their 3 66-seated ATR-72, in either dry or wet lease.

Out of the 2 aircrafts that they still kept, one was sold and the other has been recorded as total loss. Pizarro would have managed to get 6 million Euros from the Insurance company of this aircraft.

The airline was created from a Tangier based helicopter company which used to operate flights between Spain and Morocco. 4 years ago the company changed names to become Helitt Líneas Aéreas. The children of the owner took over the company, being Abel Pizarro its visible head. Helitt  belongs to the Parquigran group by  99.4%. Parquigran is a building company which also manages parking places, both public and private.

Helitt currently has around 59 employees. All of them are being dismissed with a compensation of 20 days per year of work up to a limit of 12 months. The airline shuts down due to accumulation of losses, lack of liquidity and defaults from several customers.


Photo: A Helitt airplane flying from Badajoz airport / José A.