Turkey's surprise Air Europa deal came down to one key thing: control

Exclusive: Turkey's surprise Air Europa deal came down to one key thing: control

Turkish Airlines' surprise deal for a stake in Spanish carrier Air Europa, outlasting European rivals Lufthansa and Air France-KLM , was in large part down to its willingness to share control of the carrier with the airline's Hidalgo family owners, four sources told Reuters.

Turkish Airlines Sets Its Sights on Iberian Skies with Strategic Air Europa Stake

Turkish Airlines has secured a 25-27% stake in Spain's Air Europa, outmaneuvering Lufthansa and Air France-KLM by agreeing to share control with the Hidalgo family. This strategic move allows Turkish Airlines to expand its influence in the European market, particularly in Iberia and Latin America.

Turkish Airlines Launches Flights to Seville, Its Sixth Destination in Spain

Turkish Airlines has added Seville, one of Spain’s most prominent tourism hubs, to its Southern Europe network, further strengthening its global connectivity. With this launch, Seville becomes the airline’s sixth destination in Spain after Madrid, Barcelona, Valencia, Malaga, and Bilbao.

Turkish Airlines rules out raising stake in Air Europa

Turkish Airlines chairman Ahmet Bolat has reportedly ruled out acquiring a majority stake in Spanish airline Air Europa. “We are not interested in owning Air Europa, we are interested in working with them,” Turkiye Today newspaper reported quoting Bolat at the launch of the airline’s new Istanbul-Seville route. Last month, Turkey’s flag carrier announced it would acquire a minority stake in Air Europa for €300 million ($349.4 million), with most…

Turkish Airlines Stake in Air Europa Is 'Partnership, Not Ownership", Says Chairman

Turkish Airlines has confirmed it has no intention of raising its minority stakeholding in Air Europa, saying it is a "partnership not ownership"