Overview

• Turkish Airlines officially notified the KAP system on August 8 of its binding offer to acquire a minority stake in Air Europa.
• Lufthansa and Air France have reportedly lost interest in the deal, leaving THY as the sole bidder.
• The acquisition aims to integrate passenger routes and cargo operations to accelerate growth in Spain and Latin America.
• Viability studies under THY’s 2033 growth strategy indicated that combining networks could deliver rapid, large-scale regional expansion.
• The Turkish state’s 49.12% ownership of THY underscores the government-backed move under CBM oversight.