About: http://data.cimple.eu/news-article/78481e76917c39e1ae98387fdada7198881493e6851a73630b6e1f13

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About: http://data.cimple.eu/news-article/78481e76917c39e1ae98387fdada7198881493e6851a73630b6e1f13 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	The Spanish government said Tuesday it would offer a 475-million-euro ($553-million) lifeline to Air Europa to help see the airline through the coronavirus pandemic. The aid is to come from a 10-billion-euro fund set up in August to help strategic companies weather the crisis, government spokeswoman Maria Jesus Montero said after the weekly cabinet meeting. "Air Europa provides an essential service to guarantee connectivity in Spain," she said. The firm, which serves long-haul routes to the Americas and the Caribbean, is the second-most popular Spanish carrier for international destinations, Montero said. Air Europa is the first major Spanish company to tap the government fund, which was created to help companies in areas such as health, communications and infrastructure. IAG, the parent of British Airways and Spain's Iberia, agreed in November 2019 to buy Air Europa for one billion euros. The operation has still not been completed. Governments around the world have scrambled to rescue carriers that had to park planes and cut jobs as the epidemic put the brakes on travel. The airline sector has been one of the hardest-hit, with the International Air Transport Association (IATA) predicting that full-year passenger traffic will plunge by 66 percent. The aid package for Air Europa is to consist of a regular loan of 235 million euros and an equity-backed loan of 240 million euros. Founded in 1986, Air Europa was the first private airline to operate scheduled domestic flights within Spain, breaking flag carrier Iberia's monopoly. emi/ds/hmw/wai
schema:headline	Spain offers Air Europa a solid lifeline
schema:mentions	Iberian Peninsula Spanish Company Jesús Montero Cabinet of the United Kingdom International Air Transport Association Americas Caribbean British Airways Spain Pandemic Severe acute respiratory syndrome coronavirus 2 Air Europa EMI Flag carrier International Airlines Group
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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