The rescue of the airline Plus Ultra LAneas Areas by the Sociedad Estatal de Participaciones Industriales (Sepi), in charge of managing the rescue fund for strategic companies and which has had a president in office for a year, has surprised the air sector, one of the most affected by the pandemic and that doubts the […]
Tag: rescue
Iberia closes the purchase of Air Europa for 500 million
Iberia has finally signed the purchase of Air Europa more than a year after the announcement of the operation. It will finally be for 500 million euros, and not for the 1,000 initially agreed, according to Europa Press, which indicates that the operation will close today. Iberia, which belongs to the IAG group (which also […]
The Government approves the rescue of 475 million for Air Europa
The Government has given the green light to the rescue of the airline Air Europa for a total of 475 million euros, as announced by the Minister Spokesman, Maria Jesus Montero, in the round after the Council of Ministers. The rescue will be carried out through the Government rescue fund for strategic companies managed […]
Iberia will wait for the Government to close the rescue of Air Europa to renegotiate the price
The pandemic has blocked one of the largest operations in the Spanish air sector. Iberia’s purchase of Air Europa from the Globalia group continues because “the strategic value still makes sense”, but the airline of the IAG group will wait for the government to close the rescue of Air Europa to renegotiate the price. “We […]