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2 clusters · 3 sources · 13 days · First seen · Last updated

Plus Ultra airline corporate developments

Overview

The Spanish airline Plus Ultra is undergoing several strategic and financial developments. The tourism group Ávoris has entered preliminary discussions to acquire control of the airline to bolster Iberojet, aiming to integrate Plus Ultra’s Airbus A330 fleet. While these talks have been active for several weeks, no formal agreement has been reached.

Simultaneously, Plus Ultra is in advanced negotiations with the Venezuelan carrier Laser Airlines to establish a strategic alliance. This partnership is intended to expand international operations to destinations such as Lisbon and Santiago. This move aligns with the airline’s broader efforts to secure strategic investment and ensure long-term financial viability through various refinancing alternatives.

Entities

SEPI · Plus Ultra · Iberojet · Ávoris · Laser Airlines

Timeline

  1. [BUSINESS] 3 sources
    Plus Ultra and Laser Airlines negotiate strategic alliance

    Plus Ultra and Laser Airlines are negotiating a strategic alliance to expand international routes to Lisbon and Santiago de Chile as part of a broader financial restructuring effort.

  2. [BUSINESS] 2 sources
    Ávoris pursues takeover of Plus Ultra to bolster Iberojet

    Ávoris is in early talks to acquire Plus Ultra to expand Iberojet’s Airbus A330 fleet, amid ongoing legal scrutiny regarding Plus Ultra’s previous public funding and financial ties.

Sources

contrapunto.com · reportur.com · theobjective.com