Plus Ultra bailout and the shadow of reptile funds

Plus Ultra: the VOX allegation and the reptile funds

On March 17, 2021, VOX took to the floor of the Spanish Congress to denounce the bailout of the airline Plus Ultra. The MP, Víctor González, was direct: the Government had created an updated version of the reptile funds. The phrase pointed to the Support Fund for the Solvency of Strategic Enterprises managed by SEPI, of which the airline was a beneficiary, according to the complaint itself, and to its ties with the Maduro regime.

The history of the 'pufos' in aviation

It was not the first time public money had flown. The comparison with other cases is inevitable: while some regions spent money on airports that now barely see planes, others preferred to buy their flag carrier. Two different paths, the same result: evaporated money and responsibilities that never appear.

Four years later, administrative silence

The question that runs through the case is simple: has anything peine? Given subsequent events, the answer is no. The allegation remained in the verbal record of Congress, with no investigations or sanctions emerging. The Plus Ultra case has become a symbol of how public money is distributed when political closeness outweighs business viability.

The metaphor of the reptile funds was not casual, but in this country, metaphors are archived. The next bailout, with another name and the same materials, is probably already underway.