Former Spanish Prime Minister José Luis Rodríguez Zapatero is appearing before a judge in Madrid regarding his alleged role in the Plus Ultra airline bailout and links to jewelry found in his office. He is under investigation for influence peddling, money laundering, tax fraud, and dealing in contraband.
Former Spanish Prime Minister José Luis Rodríguez Zapatero is appearing before a judge as a formal suspect in a corruption case involving a public bailout of airline 'Plus Ultra' and the discovery of luxury jewelry valued at 1.3 million euros.
Former Spanish Prime Minister José Luis Rodríguez Zapatero is testifying as a suspect in a corruption case, the first ex-PM to do so since Spain's democratic transition. The investigation concerns a €53 million public bailout of airline 'Plus Ultra' and luxury jewelry found in his office, valued at €1.3 million.
Former Spanish Prime Minister José Luis Rodríguez Zapatero is appearing before Judge Calama as a suspect in a corruption case. The investigation concerns a €53 million public bailout of 'Plus Ultra' airline and the unexplained origin of luxury jewelry valued at €1.3 million found in his office. His daughters' company, What The Fav, also received €2 million for consultancy work.
Australia's stalled opal museum project has received a $1 million government bailout from the NSW Department of Primary Industries and Regional Development. The funding comes after an independent audit raised serious concerns about the financial survival of the Australian Opal Centre Limited (AOCL), which had stopped construction last year due to depleted grants.
Australia's stalled opal museum project received a $1 million government bailout from the NSW Department of Primary Industries and Regional Development, months after an audit flagged serious financial survival concerns. The funds will clear contractor debts, but the organisation has made staff redundant and closed its shopfront as part of a scale-back plan for a 2027 relaunch.
A police report suggests Julio Martínez Martínez, a friend of former Spanish PM Zapatero, had privileged information about the Plus Ultra airline bailout before its official approval. He congratulated the airline's owner days before the decision, and investigators noted his comments about SEPI not approving celebratory expenses for a meal attended by the company's CFO.
Plus Ultra directors sought political intervention for a €53 million bailout in March 2020, including contacting Venezuela's Delcy Rodríguez, who was asked to call Spanish minister Ábalos or someone connected to Zapatero. A police report details these communications, suggesting a potential influence peddling network.
Senegal's President Bassirou Diomaye Faye has dismissed Prime Minister Ousmane Sonko and dissolved the government, potentially delaying crucial talks with the IMF over a $1.8bn lending program amid a debt crisis.
A judge has implicated former Spanish PM José Luis Rodríguez Zapatero in an alleged influence peddling scheme involving an offshore company in Dubai set up to receive a 1% kickback from the €53 million Plus Ultra airline bailout. The company was established days before the government approved the loan.
A Spanish court is investigating former Prime Minister José Luis Rodríguez Zapatero for alleged influence peddling related to a 53 million euro government bailout of Plus Ultra airline in 2021. Zapatero, who left office in 2011, denies any wrongdoing.
Former Spanish Prime Minister Jose Luis Rodriguez Zapatero has been summoned to testify in an investigation into a €53 million emergency loan granted to the airline Plus Ultra. The probe adds pressure on current PM Pedro Sanchez.
Spain's National Court charged former Prime Minister José Luis Rodríguez Zapatero with money laundering and influence peddling related to a €53 million airline bailout. He is ordered to testify on June 2. The indictment is unprecedented for a former head of government.
Spirit Airlines announced over the weekend it would cease operations after years of financial struggles. The ultra-low-cost carrier had sought a $500 million federal bailout from the Trump administration.
Spirit Airlines has announced an immediate orderly shutdown after jet fuel prices jumped from $2.5 to $4 per gallon, becoming what a Kremlin envoy called the first airline victim of the historic energy crisis. Around 17,000 workers will lose their jobs. Bondholders rejected a Trump administration rescue proposal that would have provided $500 million and given the government a 90% stake in the company. The disruption in the Strait of Hormuz amid the US-Israeli war on Iran has sharply reduced tanker traffic, raising fears of the worst energy crisis in history.
Spirit Airlines has announced an immediate orderly shutdown after jet fuel prices jumped from $2.5 to $4 per gallon, becoming what a Kremlin envoy called 'the first airline victim of the historic energy crisis.' Around 17,000 workers will lose their jobs. The Trump administration offered a $500 million rescue plan with 90% government stake, but bondholders rejected it. The closure comes amid warnings from the International Energy Agency about severe energy disruptions from Strait of Hormuz tensions linked to the US-Israeli war on Iran.
Spirit Airlines shut down operations early Saturday morning after bondholders rejected a last-ditch $500 million bailout from the Trump administration. The budget carrier, which filed for bankruptcy twice in under a year, couldn't overcome rising fuel costs, intense competition from major airlines, and a failed JetBlue acquisition. About 17,000 employees lost their jobs, while competitors United, JetBlue and others rushed to accommodate tens of thousands of stranded passengers.
Spirit Airlines shut down operations at 3 a.m. Saturday, ending a 34-year run as a pioneer of budget air travel. The airline, which filed for bankruptcy twice in less than a year, was rejected for an $500 million bailout from the Trump administration. About 17,000 direct and indirect employees lost their jobs. The carrier had struggled with competition from larger airlines, rising fuel costs, and a failed JetBlue acquisition.
Spirit Airlines has ceased all operations and begun an orderly wind-down after failing to secure a US government bailout. The bankruptcy follows a surge in jet fuel prices caused by the ongoing Iran war, resulting in thousands of job losses.
Spirit Airlines has ceased operations after failing to secure a bailout agreement with bondholders and the Trump administration. The budget carrier, which filed for bankruptcy in November 2024, couldn't survive a doubling of jet fuel costs since the U.S. and Israel attacked Iran on Feb. 28. The airline's final flight landed at Dallas Fort Worth shortly after midnight Saturday. Around 17,000 direct and indirect employees lost their jobs, and the carrier had been down to just 44 flights operating by Friday evening.
The budget airline had hoped for a government bailout to arrive on Friday to prevent it from going out of business. The Trump administration announced on Friday that it had offered the airline its final proposal, but a deal could not be reached.
The airline had been in talks with the Trump administration about a $500m bailout.
Talks with bondholders for a government bailout this week failed to yield a deal.
Spirit Airlines announced it will cease operations effective immediately on May 2, 2026, after failed talks for a $500 million federal bailout. The low-cost carrier, based in South Florida and the ninth-largest U.S. airline by seats, struggled with soaring jet fuel prices linked to the war in Iran and increased competition from larger rivals who adopted its ultra-low-cost model. The airline filed for bankruptcy twice since 2024 and saw its market share drop from 5.1% to 3.9% over the past year.
