Spanish airline Air Europa seek $472.64mln in govt support

SourceZawya
SectorTransport
CountryGCC

Spanish airline Air Europa seek $472.64mln in govt support The airline is in process of being taken over by London-based International Consolidated Airlines Group    MADRID - Spanish airline Air Europa asked the government for 400 million euros ($472.64 million) in state support to cope with the consequences of the COVID-19 pandemic, El Pais newspaper reported on Tuesday.The airline, which is in process of being taken over by London-based International Consolidated Airlines Group, has applied to the 10-billion-euro fund set up by the government to help strategic companies who have run into trouble due to the pandemic, the newspaper reported.A spokesman for Air Europa declined to comment the report.($1 = 0.8463 euros)(Reporting by Inti Landauro, editing by Louise Heavens) ((Inti.Landauro@thomsonreuters.com;))Zawya CoverageacquisitionInvestcorp, China Resources to acquire majority stake in Hong Kong's ...read more...