Volotea files pre‑concurso to renegotiate €356 million debt
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- Spanish low‑cost carrier Volotea has filed for a pre‑concurso de acreedores to negotiate its €356 million debt burden.
- The airline plans to cut its fleet from 44 aircraft to between 30 and 35, currently operating 16 Airbus A319s with the remainder being A320s, and the pre‑concurso period can last up to four months before a possible concurso de acreedores. It says the process will not cancel flights and it has announced new routes, while fuel price rises have added €150 million in costs since March. Volotea also holds a €200 million loan from the Spanish government due in 2029, and shareholder Aegean has chosen not to convert its debt into equity.
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