Air Nostrum seeks €103 million

Air Nostrum seeks €103 millionAir Nostrum seeks €103 millionAir Nostrum seeks €103 million

Air Nostrum has submitted a request for aid from the Solvency Support Fund for Strategic Companies (Fasee) to help the airline overcome declining revenue after the sharp drop in passenger traffic caused by the Covid-19 pandemic, and to ensure connectivity and protect employment. The airline has requested a loan totalling €103 million, which the company plans to repay in seven years. Air Nostrum recorded losses of €129 million in 2020. Since the beginning of the coronavirus crisis, the company has maintained a policy of cash preservation and expenditure restraint; it has also reached agreements with fleet financiers, and last year

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