An abandoned Spanish airport which cost nearly € 1.1 billion to build has been sold for € 10,000 in a bankruptcy auction. Ciudad Real Central Airport, located about 235km south of the capital Madrid, became a symbol of the country’s wasteful spending during a construction boom that ended with the financial crisis of 2008, the year the airport opened. The operator of the airport went bankrupt in 2012 after it failed to draw enough traffic. Chinese consortium, Tzaneen International, tabled the … [Read more...] about Spanish ‘ghost airport’ sold for 10,000 euros

An abandoned Spanish airport which cost nearly € 1.1 billion to build has been sold for € 10,000 in a bankruptcy auction. Ciudad Real Central Airport, located about 235km south of the capital Madrid, became a symbol of the country’s wasteful spending during a construction boom that ended with the financial crisis of 2008, the year the airport opened. The operator of the airport went bankrupt in 2012 after it failed to draw enough traffic. Chinese consortium, Tzaneen International, tabled the … [Read more...] about Spanish ‘ghost airport' sold for 10,000 euros