Spanish airline Plus Ultra appointed commander Hugo Castaño as its new leader after the resignation of president and main shareholder Julio Martínez Sola and CEO Roberto Roselli
The president and CEO were forced to resign after admitting illegal commission payments tied to €53 million bailou and being stripped of their powers. Airbus A330 commander and instructor Hugo Castaño will take over as executive chairman amid what is being described in local reports as a judicial and financial tsunami..
Castaño, a minority shareholder with a background as a pilot rather than corporate management, steps in amid ongoing scrutiny of the carrier’s past rescue and related legal matters. The move surprised the aviation sector.
