Madrid-based Air Comet, which specialized in flights to Latin America, suspended all operations yesterday and had its AOC revoked by Spanish authorities. Parent company Grupo Marsans issued a statement cited by press reports from Spain saying that Comet will file for bankruptcy protection. It said a UK High Court ruling that HSH Nordbank of Germany could foreclose on Comet assets included a prohibition on using its aircraft or selling tickets, precipitating the shutdown. It operated a fleet ...

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