The Government Opens To Change The Management Team Of Plus Ultra After Criticism For Its Controversial Rescue

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Government is considering changing the management team of the Plus Ultra airline, after the criticism received for the rescue of the Sepi. This was pointed out this Thursday by the Third Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calvià ± o, in an interview on Onda Cero collected by Europa Press.

Calvino has indicated that he indicated that he does not rule out that the Government changes the management team of the airline, to which an aid of 53 million euros has been granted, despite the fact that it only has a handful of routes to Latin America and was in loss before the pandemic broke out. The Executive also changed the direction of Air Europa when it was granted the ransom.

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Calvino has said that the change in management “It is one of the options available to the Government”, but that this decision “can be taken in parallel with not stopping the activity of the company”. The president of Plus Ultra is Fernando García Manso and its CEO, Roberto Roselli.

Controversy

He has come up against criticism for the rescue, pointing out that the fund to support the solvency of strategic companies, Sepi, has objective criteria, which are “those that set the norm.”

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According to these criteria, Plus Ultra “is Spanish, it has a strategic character for flights in Latin America and meets the financial situation requirements before and after the pandemic. “The fund was supposed to be destined for companies that were solvent but experiencing difficulties due to the pandemic. This would not be the case. of the airline, which was already in loss before the crisis.

Calvià ± o has justified that on many of its routes it is the only company that operates these flights. The airline flies to Peru, Ecuador and Venezuela, destinations where other Spanish airlines also operate. 75% of the airline’s business are regular lines to these countries, and 25% are charter flights for other companies.

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