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Spanish Police Raid Plus Ultra Airline in Money-Laundering Probe Ordered by Madrid Judge

A Madrid examining judge is directing searches focused on suspected money laundering following the airline’s 2021 state bailout.

Overview

  • National Police economic-crimes officers searched Plus Ultra’s Madrid headquarters early Thursday in an active judicial operation.
  • Investigators carried out domiciliary searches of senior executives and are forensically copying electronic devices for analysis.
  • The inquiry is being led by Madrid’s Court of Instruction No. 15, which authorized the seizures and evidence extraction.
  • Sources close to the company say Plus Ultra is cooperating with Policía Judicial as the investigation unfolds.
  • The carrier received a €53 million rescue from Spain’s SEPI in 2021, and it has recently been cited by figures in the separate ‘Koldo’ case, while political claims about the bailout’s origins are disputed.