(Adds detail)
MADRID, Nov 3 (Reuters) - Spain's government on Tuesday
approved a 475 million euro ($555.85 million) aid package for
Air Europa, to help the stricken airline recover from the
effects of the pandemic, government spokeswoman Maria Jesus
Montero said after a weekly cabinet meeting.
The aid package will comprise a 240 million equity-backed
loan and a 235 million regular loan, Montero said.
Air Europa, whom sources said had asked for the help to
weather the pandemic, did not immediately respond to a request
for comment.
British airways owner IAG, which agreed to buy Air
Europa for 1 billion euros last November, said last week it was
still interested in pursuing the deal.
($1 = 0.8546 euros)
(Reporting by Inti Landauro, Nathan Allen, Belen Carreno, Emma
Pinedo
Editing by Ingrid Melander)