The story
Trans-Europa Companía de Aviación SA was founded in July 1965 and began operations two months later using a single Douglas DC-7 for ad hoc charters, both passenger and freight, from its base at Palma de Mallorca. Later, it purchased DC-4s for freighter operations. It was during 1969 that the SE 210 Caravelle was introduced into the fleet.
An economic recession in 1979 led to a fall in charter demand and the airline was purchased by the Spanish government, through the Instituto Nacional de Industria (INI), the National Institute of Industry, and took delivery of six Fokker 27 for short haul operations on behalf of Iberia and Aviaco. By this time, with the increase in the price of aviation fuel and the Caravelle aircraft becoming obsolete there was a need to modernize the fleet. However, the fleet could not be modernized owing to lack of capital. By the beginning of 1982 TransEuropa ceased operations and most of its assets were taken over by Aviaco.
From Wikipedia’s article on Transeuropa Compañía de Aviación, shared under CC BY-SA 4.0.3
