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Horacio Echevarrieta

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Horacio Echevarrieta

Horacio Echevarrieta Maruri (September 15, 1870 – May 20, 1963) was a businessman, banker, industrialist, patron of the arts, politician and diplomatic mediator. In 1927, he founded Iberia Líneas Aéreas de España, S. A. Operadora, now known as Iberia.

Born in Bilbao, the son of a mine owner, he expanded his father's activities and set up businesses in many fields, such as the merchant marine, shipbuilding and real estate.

Horacio Echevarrieta and Abd el-Krim

He acted as a mediator between the Spanish government and Abd el-Krim.

Echevarrieta y Larrinaga shipyard

He had extensive dealings with the German naval officer and spymaster Wilhelm Canaris, head of the Abwehr, the German military intelligence service, from 1935 to 1944, and set up a project to supply German-designed torpedoes and to build a German–designed prototype of the Type IA submarine, which was built under the designation of submarino E-1. However, the Spanish Navy lost interest in the project and it was finally sold to Turkey, which designated it as Gür.

Following the catastrophic Cádiz Explosion on 18 August 1947, which completely destroyed the adjoining shipyard, the company, the largest single employer in the city, employing 2,500 workers, was basically without work until it was nationalised in 1952, although it wouldn't be until 1956 that steady work would again be available there.[1]

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