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Lufthansa in talks with Air Europa to get a minority stake, sources state

German airline company group Lufthansa is in talks with Spanish carrier Air Europa about the possibility of acquiring a minority stake, according to two sources with knowledge of the talks.

The airline is 20% owned by BA-parent IAG, which revoked taking complete ownership last year due to regulatory concerns.

Air Europa is seeking funds to pay an impressive bundle of loans worth a total of 475 million euros ($ 491.8 million). given by the federal government throughout the pandemic.

According to Spanish newspaper el Economista, the discussion. with Lufthansa has to do with the German flag carrier taking a 20%. stake in Air Europa. One source informed Reuters the talks were. concentrated on a stake around 20%.

Air Europa and Lufthansa declined to comment.

Air Europa owner Globalia stated in November that Air. France-KLM was possibly interested in a 20% stake. in the carrier.

(source: Reuters)