Turkish Airlines weighs bid for Air Europa stake as deadline nears

23/06/2025
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Turkish Airlines is exploring a bid for a minority stake in Spain's Air Europa, joining Lufthansa and Air France-KLM as potential investors before the early July binding bid deadline, Reuters sources say. The bid aligns with Air Europa's push to raise funds to repay a government loan from the pandemic.

This move, unusual for a non-European airline, could position Turkish Airlines for greater influence in the regional market. Air France-KLM and Lufthansa are also in discussions with Air Europa's owner, Globalia, though details are undisclosed.

Air Europa's sale process has been delayed by family disputes and bidder concerns over structure. A 20% stake is now the target, offering a strategic entry point amid Europe's airline consolidation trend.IAG, which owns British Airways and retains a 20% stake, abandoned a full takeover last year due to regulatory concerns over competition.

Air Europa serves critical routes in Spain, Europe, and Latin America, areas of growing interest for airlines seeking expansion.