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Olive Press News Spain
Struggling carrier wants €103 million with a seven-year repayment plan
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THE Valencian airline Air Nostrum has asked for a €103 million bailout loan from the Spanish government’s rescue fund.
The company says that it lost €129 million last year because of travel restrictions caused by the coronavirus pandemic.
Air Nostrum started up in 1994 with its main base at Valencia airport with hubs in Barcelona and Madrid.
It operates as a franchise of Iberia under the Iberia Regional label with 91 domestic and international routes.
In 2019, Air Nostrum won the Airline of the Year Gold Award presented by the European Regions Airline Association. ....

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