A SEPI report concludes that the bailout of Plus Ultra was “legal and transparent”
A report from the State Society of Industrial Participations (SEPI) concludes that the bailout of the airline Plus Ultra was “legal and transparent.” SEPI issues this study in response to the suspicions of the National Court judge José Luis Calama, who is investigating the Zapatero case and believes that this bailout was not lawful. In the order issued by the magistrate, it is considered that Plus Ultra was in a state of bankruptcy at the time of the bailout. Consequently, the government of Pedro Sánchez could not save it since the applicable European law at that time, March 2021, strictly prohibited rescuing companies in dissolution.