Madrid  - The Spanish charter carrier Futura International Airways was to resume flights Monday after suspending them for 24 hours on seeking bankruptcy protection, trade union sources said.

Representatives of management and employees were meeting in Palma de Majorca, where one of Europe's biggest independent charter airlines has its headquarters.

Futura could continue its activity despite having sought creditor protection, Alejandro Juarez of the trade union CCOO said.

Futura was founded in 1989 with the participation of Aer Lingus, which later sold its stakes.

The airline has grown in the recent years, but rising oil prices forced it to adopt a savings plan, including pay cuts for its 1,200 employees, in August.

The airline, which has a fleet of 38 B-737 jets, transported 3.7 million passengers in 2007. (dpa)