Turkish Airlines confirmed it will keep only a minority stake in Spain’s Air Europa and has no intention of increasing its holding, describing the investment as a “partnership, not ownership,” chairman Ahmet Bolat said on Wednesday, underscoring the strategic—not controlling—nature of the deal.
Discovered |
Briefing
Clarifies the scale of Turkish’s commitment after its announced €300M for a 27% stake, confirming the investment is minority and not a takeover.
Frames the move as strategic cooperation following Turkish’s binding offer and the exit of other bidders, including Lufthansa’s withdrawal, which left Turkish as the remaining contender.
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(FR) Turkish Airlines rules out increasing its stake in Air Europa • Le Journal de l’Aviation
(DE) Turkish Airlines forgoes majority stake in Air Europa • airliners.de
(DE) Turkish Airlines will not take over Air Europa • aerotelegraph.com
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• Aleksa Spanjevic