Corvera airport saved from defaulting in last minute Madrid deal

Corvera airport has had a last minute injection of 40 million euros by the Spanish state to stave off bankruptcy after it failed to meet payments on a loan of 200 million euros which is now due. Aeromur, the controlling company for the unopened Murcian airport, had declared intention of bankruptcy in an attempt to force Murcia region to pay the debt. Murcia had refused, despite being the underwriter for the debt. The 40 million Continue reading Corvera airport saved from defaulting in last minute Madrid deal