Overview
- Air Europa said Jesús Nuño de la Rosa left the chief executive role by mutual agreement with chairman Juan José Hidalgo, with a successor expected to be appointed in the coming days.
- César Hernández Blanco and Juan Manuel Bujía, SEPI’s representatives on the board, resigned after the company cleared its state-backed debt.
- Turkish Airlines agreed a €300 million convertible loan that can be exchanged for roughly a 26% stake in Air Europa.
- The airline repaid the €475 million SEPI loan about a year ahead of schedule, a step the company linked to the Turkish financing.
- The board will undergo a broad renewal to reflect the new shareholder mix, with the Hidalgo family retaining about 64% and Iberia holding around 20% without seeking board representation.