Turkish Airlines $349 Million Investment in Air Europa Accepted

Istanbul, The Gulf Observer: Turkish Airlines announced that its binding offer to invest $349 million (€300 million) in Spanish carrier Air Europa has been accepted, marking a major milestone in the flag carrier’s efforts to expand its global footprint.

In a statement published on Türkiye’s Public Disclosure Platform (KAP), the airline confirmed that the binding offer had been accepted and that the process has now moved to the preparation of transaction documentation and the initiation of official procedures leading to closing.

The investment, largely in the form of a capital increase, will strengthen Turkish Airlines’ position in the global aviation market, broaden access to Latin American tourism markets, and boost passenger and cargo traffic between Spain and Türkiye. At the closing stage, technical and financial adjustments will determine the exact percentage of minority shares to be acquired.

Turkish Airlines emphasized that the move is aligned with its long-term strategy to enhance international connectivity, attract more tourists to Türkiye, and contribute to economic growth. The partnership also provides the airline with a stronger gateway to Latin America, leveraging Air Europa’s extensive transatlantic network.

The process is expected to be completed within six to twelve months, subject to the necessary permits and regulatory approvals.

Air Europa, headquartered in Madrid and a subsidiary of Globalia, has been seeking foreign investment to stabilize its finances and consolidate its position amid intensifying competition in European and Latin American markets.

Aviation analysts noted that the investment highlights Türkiye’s ambition to reinforce its role as a central hub linking Europe, Asia, Africa, and Latin America, with Istanbul Airport already ranking among the busiest in Europe.