Spanish helicopter operator Eliance has filed for preliminary creditor protection in response to acute short-term liquidity problems and a deteriorating financial position.
Financial Situation and Filing
The company doubled its net loss in the 2025 fiscal year to €24 million from €12 million the prior year while generating roughly €54 million in revenue. This filing represents one step short of full judicial supervision and was driven by ongoing cash-flow difficulties that have already impacted service delivery.