
Turkish Airlines considers joining Air Europa
Turkish Airlines is considering a bid for a minority stake in Spanish carrier Air Europa, sources familiar with the matter told Reuters. The Turkish state airline joins a growing list of potential investors, including Lufthansa and Air France-KLM, ahead of a deadline for binding offers in early July. The move is part of Air Europa's efforts to raise funds to repay a pandemic-era state loan. Interest from a non-European airline in the regional market is rare and could secure Turkish Airlines a strategic position for future control in this important aviation area. Air France-KLM and Lufthansa also continue to hold talks with Globalia, Air Europa's owner, about a stake, but details remain confidential. Efforts to sell Air Europa have been dragging on for some time due to internal family disputes within Globalia and structural concerns on the part of the bidders. The focus is now on acquiring a 20 percent minority stake, which offers a strategic entry amid increasing consolidation pressure in the European aviation market. British Airways' owner, IAG, which already holds a 20 percent stake in Air Europa, abandoned a full takeover of the airline last year due to regulatory and antitrust concerns. Air Europa operates important routes within Spain, Europe, and Latin America. These regions are increasingly the focus of airlines seeking growth and a greater market presence there. Competition for shares in Air








