Air Nostrum Repays 20 Million Euros Early to SEPI

The COVID-19 pandemic posed an unprecedented challenge for the global aviation industry, with travel restrictions and a drastic drop in flight demand jeopardizing the financial viability of numerous airlines. In this critical context, governments from various countries intervened to provide economic support to airlines, in order to safeguard not only the continuity of operations but also jobs and the connectivity of their territories. The Spanish State Society for Industrial Participations (SEPI) launched a support fund for the solvency of strategic companies, aimed at providing temporary financial support to companies that, like Air Nostrum, were severely affected by the pandemic....