Overview

• Turkish Airlines says its minority investment offer was accepted, valuing the deal at about €300 million, with the precise percentage still unspecified.
• Europa Press reports a structure comprising a €275 million convertible loan and a €25 million securities purchase, with the stake described as more than 26%.
• The parties have moved to prepare transaction documentation, with completion expected in six to 12 months subject to permits and approvals.
• Reporting indicates the new capital would help Air Europa address a €475 million pandemic-era liability to Spain’s SEPI fund.
• The pairing links a Star Alliance carrier with a SkyTeam member, and Turkish Airlines cites potential gains in Latin American connectivity; Air Europa has not commented.