US EditionTurkish Airlines Plans to Make Binding Bid for Air Europa Stake
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Turkish Airlines Plans to Make Binding Bid for Air Europa Stake
Turkish Airlines plans to submit a binding offer for a minority stake in Air Europa, seeking to expand its reach with a carrier that specializes in flights from Spain across Europe and to overseas markets like Latin America and the Caribbean.
Turkish flag airline Turkish Airlines (THY) has announced its intention to launch a process of purchasing a minority package of shares of the Spanish airline Air Europa, according to Turkish media reports this Friday.
Turkish Airlines has taken a significant step toward increasing its competitiveness in global aviation. Turkish Airlines has decided to submit a binding offer to acquire a minority stake in Spain-based Air Europa. With this move, the Turkish flag will now fly more frequently in the skies of Latin America.
Turkish Airlines has confirmed that it is still interested in acquiring a stake in Air Europa and that it is finalizing a binding offer, as reported by a senior executive of the company during the performance presentation on Wednesday. “We are preparing to submit a binding offer very soon. However, we have not yet reached that stage. As soon as we have the approval of the council, we will announce it publicly,” he said. During the conference, di…
Turkish Airlines is preparing a binding takeover offer for Air Europa. The Turkish airline promises strategic benefits in network planning through its potential participation.
Turkish Airlines Prepares to Make Binding Offer for Spain’s Air Europa, Executive Reveals
Turkish Airlines is gearing up to submit a binding offer for Spain’s Air Europa, according to a senior company executive. The potential bid marks a significant step in Turkish Airlines’ ongoing efforts to expand its footprint in the European aviation market. Air Europa, a key player in Spain’s airline sector, has been seeking new ownership [...]
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