Latest News

Turkish Airlines confirms that it has held non-binding discussions about potential Air Europa investments

Turkish Airlines said it was holding non-binding talks to evaluate a possible investment in Spanish airline Air Europa, and explore potential partnership synergies.

In a late Friday filing with the stock exchange, Turkish Airlines confirmed that it was considering a bid to acquire a minority stake of Air Europa.

The flag carrier stated that it evaluates growth potentials regularly to improve its global position in the aviation sector.

Media reports have stated that Turkish Airlines has been in talks to buy shares in Air Europa. In this context non-binding talks are being held in order to assess the potential investment in Air Europa, and to explore possible partnership synergies", the company stated in a statement.

Turkish Airlines' consideration is important, since there are very few carriers outside Europe that have bought shares in regional players.

Air Europa operates flights within Spain and between Madrid, Europe and Latin America. (Reporting Canan Svgili, Editing Jan Harvey)

(source: Reuters)