One of the Comunidad Valenciana’s biggest employers and key national airlines has been prevented from closure after the pandemic left it with unprecedented losses. Air Nostrum, a regional airline based at Valencia airport but with links to almost every terminal in Spain, is universally acknowledged to have been a huge contributor to ‘staycation’ tourism, as well as long-distance commuter routes.
Luckily the State Society for Industrial Participation, a body which provides solvency support for viable going concerns, has authorised a bail-out fund of 111 million euros.
