Plus Ultra enters pre-insolvency proceedings with €53 million in public funds unpaid

FinanceInternationalVozpopuliNov 13, 2026, 10:45 PMAI summary

Plus Ultra filed with Commercial Court No. 8 in Madrid to enter pre-insolvency proceedings and gain three months, extendable by another three, to negotiate its debt. The airline has yet to resolve repayment of the €53 million SEPI rescue and hopes to resume talks in February, after the new government is formed. The company is preparing a restructuring with layoffs, temporary employment suspensions and the closure of its Lima and Buenos Aires routes.

In 40 seconds

Plus Ultra files for pre-insolvency proceedings before Commercial Court No. 8 in Madrid, gaining three months to negotiate with creditors, extendable by another three
Repayment of the €53 million SEPI rescue remains unresolved; the company hopes to resume talks in February
The airline expects fuel costs of €104.83 million in 2026 versus €69.13 million budgeted, a 51.6% overrun

Read the full story at Vozpopuli

IASummary generated by artificial intelligence from a story by Vozpopuli. It may contain errors: the original source prevails.

Plus Ultra
SEPI
rescate público
aerolíneas
preconcurso

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Plus Ultra enters pre-insolvency proceedings with €53 million in public funds unpaid

In 40 seconds

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Keep reading

Negotiations over Colombia's 2027 minimum wage begin: the one- or two-digit tug of war

Wall Street correction reopens investor interest in European stocks

Stéphane Boujnah, Euronext chairman: "Crypto and betting only offer capital gains, not returns"

Social media, influencers and financial fraud in the spotlight of market supervisors