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Plus Ultra's President and CEO Resign Amid Loan Investigation

Published July 25, 2026 at 7:32 AM UTC

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The president and chief executive officer of Spanish airline Plus Ultra have resigned, following their summons to appear before a judge investigating a loan the company received. The resignations come as the airline faces scrutiny over the legality of the financial assistance, which was granted by a state-controlled entity. The two executives, whose names have not been officially released, stepped down shortly after being notified of the investigation, which centers on whether proper procedures were followed in securing the loan. This move is seen as an attempt to allow the company to continue operations while addressing legal concerns. The airline has stated it will cooperate fully with the authorities. The resignations have raised questions about the governance of Plus Ultra, which received the loan during the pandemic to stay afloat. The impact on the airline's employees and passengers remains uncertain, as the investigation proceeds. The board is expected to appoint interim leaders soon.