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the next two consecutive years. Air Europa, whose finances were already in a precarious situation before the industrial action, has also committed to withdrawing a lawsuit it filed at Spain’s national High Court in which it accused the unions of staging illegal and abusive strikes. The legal action was demanding nearly €30 million of damages.
Rescue
Air Europa is Spain's third-largest airline after Iberia and Vueling. It is awaiting authorisation from Brussels for its sale to Iberia. It must also pay back a €475 million rescue package it received during the Covid-19 pandemic and a €140 million loan that it received from the state ICO credit institute.
Dear Jennifer:
Take care of the family
A Life Policy can be as flexible as you need and doesn’t cost the earth
THIS is so important – are you prepared to protect your family?
We can assist you with our bespoke life and mortgage protection policies to protect those that are most important to you, should the worst happen.
The first question would be – have you taken out Life Insurance?
You may have a Mortgage Protection policy, which means on your death the mortgage will be paid. But of course, this does not provide your family with some financial security when they really need it.
Mortgage Protection is a good policy to have as it will pay off any mortgage you have on your house, keeping your family secure in their home. This is death only cover, however there are some additional options you can add on if you require them.
For example for Mortgage Payment protection, for €100,000 of cover for a 50 year old can be as little as €305 per year.
Whereas life insurance provides a payment to your family. You can tailor the life policy to your own requirements and create a bespoke life insurance – whether to cover the initial costs incurred on your death or give your family a lump sum to provide for their future.
For example, life cover of €50,000 for a 50 year old, can be as little as €155 a year.
Our bespoke life policies can give you the cover most suited to you needs with standard death only cover and additional covers to include:-
● Repatriation
● Permanent Absolute Disability
● Death by Accident
● Death by Traffic Accident
● Permanent Absolute Disability due to an Accident
● Permanent Absolute Disability due to a Traffic Accident
● Serious Illness cover/Serious Female illness cover You do need to be resident in Spain for these policies and there will be a simple health/medical questionnaire that you will need to complete online. These policies are available with monthly direct debit payments, and our policies will be in English.
FOR MORE INFORMATION OR A QUOTATION, PLEASE CALL ONE OF MY OFFICES, EMAIL INFO@ JENNIFERCUNNINGHAM.NET OR VISIT THE WEBSITE WWW.JENNIFERCUNNINGHAM.NET
Colluding giants fined €194mn for restricting competition
SPAIN'S competition watchdog, the CNMC, has fined Amazon and Apple a total of €194 million for