Gadair European Airlines was an airline based in Madrid, Spain. It was operating aircraft on ACMI leases for services to five continents. A number of changes of plan have been made, including a switch to Bahrain as the main hub.
The airline originally planned to launch operations on 10 April 2006 using Boeing 767-200ER aircraft on ACMI leases, but delays in obtaining the necessary licences mean that the launch date was delayed to June 2007. The airline is owned by Grupo AISA and Santiago Sanchez Marin. Gadair ceased operations around 2009.
In 2007 new shareholders entered in a capital increase, that resulted having two new shareholders, S. Kahla 25% and A. Baker 50%.