surinenglish

Air Europa gets first Covid state bailout

 Air Europa gets first Covid state  bailout
  • The government will give the struggling airline 475 million euros

Air Europa has become the first firm to be rescued by a government bailout because of the Covid-19 pandemic.

Madrid will give the struggling airline 475 million euros, a mix of a shareholding gurantee loan and a normal loan.

Ministers said that the services provided were essential and needed to be maintained.