Plus Ultra to restrict operations and prepare layoffs amid debt and rising fuel costs
The airline Plus Ultra is facing a debt of €53 million with the state-owned SEPI, in a rescue operation currently under investigation by the National Court, involving former Prime Minister José Luis Rodríguez Zapatero.
Plus Ultra, a Spanish airline, is set to restrict its operations and prepare for layoffs due to significant financial difficulties. The company is grappling with a debt of €53 million owed to the state-owned company SEPI, which has been a focal point of a rescue operation now under scrutiny by the National Court.
The investigation into the rescue operation has drawn attention to the involvement of former Prime Minister José Luis Rodríguez Zapatero, raising questions about the management of public funds and the implications for the airline's future.
As fuel costs continue to rise, Plus Ultra's financial situation has become increasingly precarious, prompting the need for drastic measures to ensure its survival in a challenging economic landscape.
The airline operates primarily from Madrid-Barajas Airport, which is one of the busiest airports in Europe, serving as a hub for both domestic and international flights.
