{"id":316653,"date":"2025-08-04T08:15:21","date_gmt":"2025-08-04T08:15:21","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/316653\/"},"modified":"2025-08-04T08:15:21","modified_gmt":"2025-08-04T08:15:21","slug":"turkish-airlines-nears-air-europa-deal-air-france-klm-out","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/316653\/","title":{"rendered":"Turkish Airlines nears Air Europa deal, Air France-KLM out"},"content":{"rendered":"

Turkish Airlines<\/a> (TK, Istanbul Airport<\/a>) is closing in on a potential investment in troubled Spanish carrier Air Europa<\/a> (UX, Palma de Mallorca<\/a>), according to a report by online newspaper El Espa\u00f1ol. Meanwhile, Air France-KLM<\/a> is out of the picture, while Lufthansa Group<\/a> continues talks with Air Europa\u2019s parent Globalia<\/a> about buying a stake, Reuters reported. <\/p>\n

El Espa\u00f1ol reported that Turkish Airlines is the frontrunner to become a shareholder in Air Europa, which is currently owned by Globalia (80%) and IAG International Airlines Group<\/a> (20%). Both parties have been accelerating their negotiations in the last few days, and while many details remain on the table, an agreement could be imminent. <\/p>\n

Separately, Lufthansa\u2019s chief executive Carsten Spohr confirmed to Reuters that the company is in ongoing talks for a potential share acquisition<\/a> in Air Europa. However, \u201cI cannot yet give an answer whether it will fail or not. I can confirm that it is very difficult to get this to succeed,\u201d he said. <\/p>\n

El Confidencial reported that Lufthansa and Turkish Airlines are eyeing a 25% acquisition in Air Europa, providing the Spanish carrier with EUR240 million euros (USD275 million) in fresh capital. <\/p>\n

In a statement to ch-aviation, Air France-KLM confirmed it has pulled out of the process. It is the second interested party to abandon negotiations after Etihad Airways<\/a> did the same earlier in the year<\/a>. It said: “Air France-KLM stepped out from the process initiated for the sale of a stake in Air Europa as no agreement could be reached with Globalia. The cooperation between Air France-KLM and Air Europa, a member of Skyteam<\/a>, remains unchanged.”<\/p>\n

Meanwhile, both the German and the Franco-Dutch groups are simultaneously involved in the potential acquisition of a stake in a Portuguese state-owned TAP Air Portugal<\/a>. <\/p>\n

ch-aviation reached out to Turkish Airlines and Lufthansa Group for comment but neither was immediately available. Air Europa declined to comment. <\/p>\n

Air Europa seeking loan<\/p>\n

Separately, Air Europa expects to close the year with record results and is currently negotiating with banks to obtain a new loan providing fresh capital of about EUR140 million (USD160 million). El Confidencial reported that it is negotiating with Santander, BBVA, Caixabank, and Sabadell to obtain a new credit line for this amount. <\/p>\n

Air Europa must repay<\/a> the EUR475 million (USD550 million) loan that Spain’s sovereign wealth fund (Sociedad Estatal de Participaciones Industriales – SEPI) provided to the carrier at the height of the COVID-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"Turkish Airlines (TK, Istanbul Airport) is closing in on a potential investment in troubled Spanish carrier Air Europa…\n","protected":false},"author":2,"featured_media":316654,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5309],"tags":[14627,14635,2000,299,36,14623,14633,14631,14630,14626,14632,14620,14634,14621,14628,14629,14624,14622,14625],"class_list":{"0":"post-316653","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-france","8":"tag-aircraft-orders","9":"tag-alliances","10":"tag-eu","11":"tag-europe","12":"tag-france","13":"tag-new-routes","14":"tag-operator-acquisition","15":"tag-operator-bankruptcies","16":"tag-operator-bankruptcy","17":"tag-operator-fleet-news","18":"tag-operator-merger","19":"tag-operator-news","20":"tag-operator-partnership","21":"tag-operator-route-network","22":"tag-operator-start-up","23":"tag-operator-start-ups","24":"tag-route-cancellations","25":"tag-route-network-changes","26":"tag-strategic-fleet-developments"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114969504807562165","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/316653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=316653"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/316653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/316654"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=316653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=316653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=316653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}