US EditionAir Europa Repays €475M State Loan Early as Turkish Airlines Secures 26 ...
22 Articles
22 Articles
The FASEE has received the total advance refund of the aid granted to Air Europa for EUR 475 million.
The Ottoman airline enters the capital of the subsidiary of Globalia with an exchangeable loan of 300 million eurosThe keys to the rescue to Air Europe: three loans and two judicial fronts on the dead end Air Europa has closed its agreement with Turkish Airlines, which will allow the Ottoman airline to enter the capital of the company through an investment of 300 million euros and advance the repayment of the loan of 475 million granted by the S…
The airline announces that, with this injection of capital and its own resources, it will cancel the ordinary and participative loans with the State Company of Industrial Participations (SEPI), as well as the interest earned, to a total of almost 500 million euros
The airline Air Europa has completed its agreement with Turkish Airlines, which will allow the Turkish company to enter the capital of the Spanish company through an investment of 300 million euros, the company has reported this morning.The operation has been implemented through a loan exchangeable, which will be exchanged for a stake in Air Europa close to 26%, once all the regulatory requirements have been met, has detailed the airline in a st…
The operation values the total of Air Europe at 1,175 million. IAG will maintain 20% of the capital
Turkish Airlines acquires €300M stake in Air Europa: advisors
Turkish Airlines has acquired a 26% stake in Air Europa in a transaction valued at €300 million, with Perez-Llorca acting as legal advisor to the Turkish carrier, and Latham & Watkins for Air Europa. The deal combines a €275 million capital increase with a €25 million purchase of shares from the Hidalgo family, which retains a 54% holding in the Spanish airline. IAG continues to hold its 20% stake, having paid €55 million for shares from the Hid…
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