Spanish helicopter operator Eliance files for preliminary creditor protection
Written by AI from 1 report listed below. Not checked by a person before publication. How we use AI
Eliance filed for preliminary creditor protection citing short‑term liquidity issues.
The firm reported a 2025 net loss of €24 million on revenue of about €54 million, secured a €51 million tender in September 2025 to operate the DGT’s helicopter fleet, had several helicopters grounded leaving large parts of Spain’s road network without effective aerial coverage, saw its contract with the Catalan government rescinded in February 2026 for alleged breaches of the service agreement, was accused of failing to meet fleet availability requirements and of not providing replacements for grounded helicopters, and in March 2025 Galicia terminated a contract and fined the company €145 000 for similar reasons.