Redaccion Preferente

✈ Juan José Hidalgo stated that a pandemic forced the sale of three hotels, enabling Globalia to remain the majority shareholder of Air Europa, alongside Turkish Airlines and Iberia (IAG). Turkish Airlines agreed to purchase 26% of Air Europa for €300 million. Hotels support major airlines like Air Europa, Iberojet, and World2fly. Iberia and Vueling benefit from economies of scale and synergies under Qatar's control, improving fleet purchases, fuel conditions, and technology investments.

🌴 Turismofóbicas protests in Baleares dwindled in summer 2025. On June 15, attendance in Palma failed to reach 10,000, compared to 15,000 on May 25, 2024, and 20,000 on July 21, 2024. Protests featured banners against private jets, tourism, and for housing. Arran members engaged in vandalism, targeting foreign establishments and the Baleares Tourism Ministry. No beach attacks occurred, highlighting a decline in support for their methods.

🛩 Juan José Hidalgo, president of Air Europa and Globalia, invites Turkish Airlines to join Air Europa's board with five members, aiming for growth. Turkish Airlines, owning 495 aircraft, will acquire 26-27% of Air Europa for €300 million, maintaining its independence from European giants and fostering competition. Madrid will uniquely host two alliances—Star Alliance and SkyTeam. Turkish Airlines, partly owned by Turkey (49%), will buy shares, aiding Air Europa in settling a €475 million rescue, with over €100 million in interest already paid.

🛩 Mallorca, amidst pandemic challenges, launched its first direct flight to New York with United Airlines. However, Palma's airport lacks a connection to major Middle Eastern hubs. Málaga, in contrast, boasts regular flights to Doha, Abu Dhabi, Istanbul, Riyadh, and Kuwait City. Establishing a route from Mallorca to Istanbul, the world's most internationally connected airport, could be strategic, especially with Turkish Airlines' investment in Air Europa. This move could enhance connectivity between Mallorca and Asia.

🛩 Turkish Airlines' investment in Air Europa values the company at €1.1 billion, with its 26% stake worth €300 million. Globalia's Air Europa gains strong partners, including IAG, enhancing stability. Juan José Hidalgo praises the partnership, yet the Hidalgos' share drops from 80% (valued at €500 million) to just over 50%, risking majority control. The deal aids survival, yet leads to significant asset sales, notably in hotel holdings.