Tag: Willis

Aena Asks Willis to Move Onto Land Next to Jerez Airport

Aena has asked Willis Lease Corporation to move its maintenance and scrapping plant in Jerez onto land near the airport, but which does not belong to the semi-public state company. Aena would bear the connection costs between the land and the airport’s runway.

After the threat made by Willis Lease to the Andalucían Government that it will leave the autonomous region and move to another country, Aena has asked the North American company to move its maintenance and scrapping plant in Jerez onto land near the airport, but which does not belong to the semi-public state company, according to the Diario de Jerez.

Aena would bear the cost of connecting the land to the airport runway by building a taxiway. And by way of example, it points to Airbus’s facilities at Sevilla airport, which are located outside the airport itself and which are accessed through independent access across land that Aena itself gave up.

Mapfre, Allianz & Plus Ultra Insure Houses of Sareb For €2.7 Mn

15/04/2014 – Expansion

Mapfre, Allianz and Plus Ultra have signed insurance contracts with Sareb that pledged to pay €2.7 million for them.

The insurance policies signed with the three companies will encompass 90.600 properties belonging to Spain´s bad bank. Their total value has been estimated at €11.4 billion.

Mapfre, Allianz and Plus Ultra share two types of coinsurance agreements: for material damage and civil responsability of Sareb. Plus Ultra leads in the first, while Mapfre in the second coinsurance.

Last year, the bad bank received property transfers from Bankia, Catalunya Banc, Liberbank, BMN, Ceiss, NCG, Valencia, Gallego and Caja3 and the assets had diverse insurances. To establish an order, Sareb named Willis to design the new contract signing operation.

The agreements will remain valid until the end of March 2015.

Mapfre and Plus Ultra, united in Catalana Occidente, are small shareholders of Sareb with 0.8% and 0.3% respectively. Allianz has no share in the bad bank´s investments.

 

 

Original article: Expansión (by Elisa del Pozo)

Translation: AURA REE