Overview

• Turkish Airlines will provide €275 million as a convertible loan and €25 million via an immediate share purchase.
• Globalia’s ownership would fall from about 80% to roughly 53%, leaving the Hidalgo family in control.
• IAG retains close to 20% of Air Europa following its earlier investment as the company’s other minority partner.
• Proceeds are expected to repay SEPI support reported at €475 million, with interest due to rise to 9% in 2026.
• Air Europa president Juan José Hidalgo signed the acceptance letter, and the conversion depends on a Spanish review that could veto a non‑EU investment in a strategic company.