Turkish Airlines’ Binding Offer for Investment in Air Europa Accepted - Get updated on what's happening in tourism!



International
Turkish Airlines’ Binding Offer for Investment in Air Europa Accepted
Turkish Airlines announced that its binding offer for an investment in Spanish carrier Air Europa has been accepted, marking a significant step in expanding the airline’s global strategic footprint.
Turkish Airlines’ Binding Offer for Investment in Air Europa Accepted

The transaction involves an investment of €300 million (approx. $349 million), with the majority to be provided through a capital increase. Turkish Airlines confirmed that the process has now moved to the preparation of transaction documentation and the initiation of official closing procedures.

The agreement covers the acquisition of a minority stake in Air Europa. According to the airline, the move is intended to strengthen its position in the international aviation sector, expand access to tourism markets in Latin America, and boost inbound tourism to Türkiye by enhancing both passenger and cargo connectivity between Spain and Türkiye.

At the closing stage, technical and financial adjustments will determine the exact percentage of minority shares to be acquired.

“The process is expected to be completed within approximately six to twelve months, subject to obtaining the necessary permits and approvals from the relevant regulatory authorities,” Turkish Airlines said in its statement to the Public Disclosure Platform (KAP).

Image Credit: © AA


Copyright 2020 Tourexpi.com - Alle Rechte Vorbehalten | Impressum | Über Uns
Our website can be used on all desktop Computers and mobile devices
Tourexpi, turizm haberleri, Reisebüros, tourism news, noticias de turismo, Tourismus Nachrichten, новости туризма, travel tourism news, international tourism news, Urlaub, urlaub in der türkei, день отдыха, holidays in Turkey, Отдых в Турции, global tourism news, dünya turizm, dünya turizm haberleri, Seyahat Acentası,