The new Board of Directors of Air Europa has been formally constituted this afternoon respecting the provisions of the temporary public financial support agreement authorized by the Council of Ministers, with three members corresponding to the still shareholders and another two to the government, in addition to knowing the guarantees real estate of the rescue (Rescate Air Europa: 6 years to return the money).
At the proposal of the State Society for Industrial Participations (SEPI), José Ángel Partearroyo Martín, lawyer and current director of investees in the public holding company with extensive professional experience also in private companies, have been appointed; and Juan Manuel Bujía Lorenzo, aeronautical engineer with a long career in the sector.
At the proposal of Globalia, Juan José Hidalgo Acera, in his capacity as president; the general director of the Group and economic and financial manager, Miguel Ángel Sánchez Jiménez, as member; and the director of legal advice, Ramiro Campos Gallego, as secretary. Another of the agreements contemplated within the framework of the financial support decided just over a month and a half ago remains to be named, by common agreement between SEPI and Air Europa, the future CEO of the group.
As published preferente.com, the rescue amounts to a total of 475 million, channeled through a participatory loan for the amount of 240 million euros and an ordinary loan of 235 million, “instruments both provided for in the ministerial order of July 23 that published the agreement of the Council of Ministers that establishes the operation of the Fund to Support the Solvency of Strategic Companies, endowed with 10,000 million euros ”, underline from Globalia (Rescue Air Europa: the trick to avoid Brussels).
“Both loans are backed by Globalia’s corporate guarantee as well as by the commitment to establish a mortgage on the group’s headquarters in Pozuelo and Palma de Mallorca. The interest rates set for the participatory loan are those contemplated in the annex to the agreement of the Council of Ministers of July 21 and in the Temporary Framework of the European Commission ”, they add (Air Europa: SEPI mortgages the Mallorcan headquarters of Globalia) .
This Wednesday the monthly meeting of the monitoring commission was also held, aimed at facilitating compliance, surveillance and control of the execution of the viability plan presented by Air Europa before accessing financial aid.
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