Air Europa To Repay Remaining $66 Million ICO-Guaranteed Loan

Air Europa is preparing to repay the remaining $66 million of a $160 million loan it secured from a banking consortium in May 2020, backed by a guarantee from the Instituto de Crédito Oficial (ICO). This repayment is scheduled to occur in May 2025. The loan was provided under favorable terms to support the airline during the critical early months of the COVID-19 pandemic, but it carried a relatively high interest rate of 8.107%, reflecting the broader risk environment at the time.