Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service

Planes and carriers, 500 million to save Air Europa

Spanish government is evaluating financial aid

Half a billion is enough, at least for the moment. Air Europa could be saved by Spanish government with a loan of 500 million euros, a figure that was made public this morning, on Monday 7 September 2020, by local media. After Iberia's no to any help and to take on the carrier's debts, the yes should instead come from Josè Luis Abalos, minister of Public works. In reality it is not a sum that should...

Sr - 1231645
Llucmajor, Spain, 09/07/2020 13:49
AVIONEWS - World Aeronautical Press Agency

AirlinesAirplanes and carriers. Air Europa bailout approved

Now Spanish government will have to pronounce

Bailout is served, but another could be needed in six months: Sepi, the Spanish state company that deals with industrial holdings, officially approved in recent hours the plan for restructuring the debt... more

AirlinesAir Europa rescue could be among the largest in Spain

It would be a record for an Iberian carrier

The biggest ever, at least for what concerns Spain and a particular sector. Rescue of carrier Air Europa has been talked about for some time now (read also the article published by AVIONEWS) and the Spanish... more

AirlinesAir Europa, wages couldn't be paid on September 30

The carrier is awaiting substantial economic aid

A new alarm, yet another. As if the current complicated situation of the Spanish airline Air Europa wasn't enough, another problem is adding. In recent days, local media spread the news that there could... more

Similar

Civil aviationAtr halts development of Stol variant of -42/600S aircraft

It will focus its efforts on further increasing the competitiveness of its current portfolio

Following an extensive market analysis and in light of the persistent tensions in its supply chain, ATR has decided to focus its efforts on further increasing the competitiveness of its current product... more

AirlinesSpain: Vueling and Barça Women present the football team's new plane

A-320 interior and livery inspired by players' careers

The Blaugrana team will inaugurate the aircraft this Saturday, on the occasion of the match against Real Madrid more

AirportsUK: AviAlliance buys AGS Airports from Ferrovial and Macquarie

Aberdeen, Glasgow and Southampton airports change hands for an enterprise value of £1.53bn

AviAlliance announced yesterday the acquisition of AGS Airports from Ferrovial and Macquarie, for an enterprise value of £1.53 billion. The transaction is subject to regulatory approvals and is expected... more