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Listen to the article4 min, read by a synthetic voice

In brief

  • Roberto Roselli testified on 8 September 2026 that Plus Ultra paid a €530,000 success fee (1% of the €53 million bailout) to Análisis Relevante, owned by Zapatero associate Julio Martínez Martínez.

  • Roselli stated that Julio Martínez Martínez informed the airline on 26 February 2021 that the rescue was decided, prior to SEPI's backing on 2 March and Council of Ministers approval on 9 March 2021.

  • Former executives testified that Venezuelan businessman Rodolfo Reyes held a 64% controlling stake alongside his Spanish wife Aurora López, challenging legal eligibility under EU airline rules.

  • Judge José Luis Calama demanded all SEPI meeting minutes after Roselli revealed the state agency never investigated bridge loans sourced from tax havens to clear pre-bailout deficits.

Madrid
Madrid · Spain
How it came to this
  1. July 2026Roselli and Martínez Sola submit written confessions to the court and step down from Plus Ultra.
  2. 7 SeptFormer Plus Ultra president Julio Martínez Sola testifies before Judge José Luis Calama.
  3. 8 SeptFormer CEO Roberto Roselli testifies regarding the €530,000 commission and SEPI oversight.

Bailout commissions and advance notice

Former Plus Ultra chief executive Roberto Roselli testified for nearly three hours on 8 September 2026 before National Court Judge José Luis Calama and Anti-Corruption Prosecutor Elena Lorente. Roselli confirmed that the airline paid a 1% success fee, amounting to €530,000, from the €53 million government bailout it received in March 2021 during the Covid-19 pandemic. The payment was transferred to Análisis Relevante, a company owned by Julio Martínez Martínez, a business associate of former Spanish Prime Minister José Luis Rodríguez Zapatero. Roselli stated that the airline entered into a contract for irrelevant consulting reports to camouflage the disbursement.

Roselli testified that Plus Ultra learned about the approval of state funds well before official publication. According to his testimony, Julio Martínez Martínez phoned the airline on 26 February 2021 to announce that the decision had been made. State holding company SEPI officially confirmed its support on 2 March 2021, and the Spanish Council of Ministers formally approved the rescue package on 9 March 2021. Roselli ratified statements submitted in writing in July 2026, which aligned with testimony given on 7 September 2026 by former Plus Ultra president Julio Martínez Sola.

“They raised the advisability of Mr Zapatero or Martínez Martínez intervening directly with SEPI officials to speed up the file. An attempt was even made to obtain a verbal guarantee that the aid would be granted, with the aim of using that expectation to obtain bridge financing from banking entities.”

Roberto Roselli

Venezuelan ownership and regulatory compliance

During the interrogation, prosecutors focused on whether Plus Ultra met the legal nationality criteria required to receive money from Spain's Strategic Companies Solvency Support Fund. Roselli testified that Venezuelan businessman Rodolfo Reyes exercised effective executive control over the airline, holding a 64% stake alongside his Spanish wife, Aurora López. Although the airline argued that nominal ownership resided with López, European and Spanish regulations require ultimate operational control to remain in European hands.

“Under AESA's interpretation, Council Regulation (CE) 1008/2008 seeks to prevent effective control from being exercised jointly by non-European shareholder groups. In all cases where non-European nationals have significant influence, it must be ensured that ultimate decision-making power remains in the hands of European investors.”

Agencia Estatal de Seguridad Aérea

Scrutiny of state oversight and bridge loans

Roselli, who served as the airline's chief financial officer before becoming CEO, stated that SEPI exercised minimal oversight over Plus Ultra's internal accounting prior to granting the aid. Investigators are examining bridge loans that the carrier secured from companies linked to Reyes in tax havens to balance its accounts before requesting public funds. Roselli told the court that SEPI did not investigate the origins of those loans, which are now under investigation for potential money laundering, nor did the agency monitor how the state funds were used to settle the private debts. Judge Calama has ordered former management to turn over all minutes of monitoring meetings held with SEPI.

Scope of the National Court investigation

Judge Calama opened the investigation into an alleged influence-peddling network surrounding the 2021 airline bailout and related transactions. The court has placed Zapatero under investigation in connection with the case. The inquiry also encompasses €1.3 million in undeclared jewelry discovered by National Police in Zapatero's office. Defense lawyers for Roselli and Martínez Sola have agreed to submit requested corporate documents, banking records, and SEPI meeting records to the court.

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Sources and context

  • EL MUNDOon 9 Sep at 01:14La Audiencia pide a los ex directivos de Plus Ultra que aporten las actas de las reuniones con la SEPI por el rescate
  • EL MUNDOon 9 Sep at 01:14La ex cúpula de Plus Ultra confirma el poder venezolano en la aerolínea y socava la legalidad del rescate del Gobierno
  • EL MUNDOon 8 Sep at 12:51El ex CEO de Plus Ultra también declara que pagaron la comisión "al Grupo Zapatero" y refleja la falta de control de la Sepi sobre la situación financiera de la aerolínea
  • eldiario.eson 8 Sep at 12:25Un exdirectivo de Plus Ultra confirma que pagaron al "Grupo Zapatero" por el rescate pero desconoce si hicieron gestiones
José Luis Rodríguez Zapatero
Former Prime Minister of Spain
Pedro Sánchez
Prime Minister of Spain

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First version on 4 Sep at 15:20, last change on 9 Sep at 02:03.

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Text generated by AI from the reports of the publishers listed and checked automatically, with no human editor. How Pollar is made

In this text

Bailout commissions and advance noticeBailout commissions and advance noticeVenezuelan ownership and regulatory complianceVenezuelan ownership and regulatory complianceScrutiny of state oversight and bridge loansScrutiny of state oversight and bridge loansScope of the National Court investigationScope of the National Court investigation

Based on reports by

EL MUNDO, eldiario.es, La Razón, europa press, LaVanguardia, El Periódico

List of sources

Government · Madrid

Former Plus Ultra CEO confirms €530,000 fee paid to Zapatero associate for €53m state bailout

Roberto Roselli told Spain's National Court that the airline paid a 1% commission to an associate of former Prime Minister José Luis Rodríguez Zapatero to secure a €53 million government rescue in 2021.

Madrid

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AI text based on reports by EL MUNDO, eldiario.es, La Razón and other publishers. Changed on 9 Sep at 02:03.

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