Turkish Airlines Increases Its Stake in Air Europa

Turkish Airlines Completes Share Acquisition in Air Europa

Turkish Airlines (THYAO) has taken significant steps to acquire minority shares of the Spanish airline Air Europa. Partnership agreements and other transaction contracts have been signed between the two companies.

Regulatory Approval Process and Expectations

According to the statement, the process to obtain the necessary regulatory approvals for the share transfer has begun. This process is expected to be completed within approximately 6 to 12 months. Turkish Airlines aims to comply with all legal requirements to finalize this significant transaction.

Investment Details

The statement noted that a major part of the process involves a capital increase, totaling an investment of 300 million euros. Depending on the technical and financial adjustments at the closing stage, the percentage of minority shares that Turkish Airlines plans to acquire is expected to fall within the range of 25% to 27%.

This strategic move by Turkish Airlines is considered an important step towards increasing its influence in the international aviation market. The collaboration with Air Europa is expected to create synergy for both companies.