US EditionSpain's Air Nostrum Repays €20M of State-Backed COVID Loan
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The airline Air Nostrum has returned 20 million euros from those received as aid for the impact of the Covid from the Fund to Support the Solvency of Strategic Enterprises (FASEE), which manages the State Society of Industrial Participations (SEPI), as reported by the public conglomerate in a statement. The financial support received by this airline amounts to a total of 111 million euros. SEPI has reported the recovery to date of a total of 1,7…
Spain’s Air Nostrum repays €20M of state-backed COVID loan
Air Nostrum has made a partial early repayment of €20 million to Spain’s state-owned holding company, SEPI, reducing the balance of a €111 million loan granted during the COVID-19 crisis. According to Spanish news agency EFE, the payment was executed on Monday and applies to funds provided by the Strategic Companies Solvency Support Fund (FASEE). In addition to the principal repayment, the Valencia-based airline paid €809,550 in interest corresp…
The Fund to Support the Solvency of Strategic Enterprises (FASEE) has recorded a further advance refund by Air Nostrum, which has amortized 20 million euros of the temporary aid it received during the pandemic, a support that as a whole amounted to 111 million euros, as confirmed this Monday by SEPI. In 2021, Air Nostrum applied for a credit to the SEPI fund, which was not approved until a year later. Subsequently, in 2024, the airline requested…
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Companies: Air Nostrum early returns 20 million to SEPI for rescue in the pandemic
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