Redaccion Preferente

🛫 The Spanish Government and the European Commission allowed the Hidalgo family to remain the main shareholders of Air Europa, preventing Iberia's acquisition. Turkish Airlines and Etihad, both state-owned, are potential investors to help Air Europa clear its debt with SEPI, while SEPI aims to keep significant Spanish companies under national control. Despite state rescues for Air France-KLM and Lufthansa, Air Europa's ownership remains unchanged, risking its future control by an Islamic world power.

✈ Turkish Airlines plans to acquire a minority stake in Air Europa, aligning with its 2033 strategy. Turkish already holds 50% of SunExpress and 49% of Air Albania. The Türkiye Wealth Fund owns 49.12% of Turkish. With over 300 destinations worldwide, Turkish aims to enhance its global aviation presence. Air Europa, partly owned by Iberia, operates over 50 aircraft and serves 55+ destinations, including the newly launched Madrid-Istanbul route.

✈️ Turkish Airlines is poised to acquire a 25% stake in Air Europa after Lufthansa and Air France-KLM withdrew. This follows the EU's veto on Air Europa's merger with Iberia last year. The EU faces criticism for potentially allowing a non-EU state-controlled airline to gain influence. Turkish Airlines' involvement limits Brussels' intervention options. Potential stakeholders include state-affiliated Turkish and Etihad Airlines, led by authoritarian figures Recep Tayyip Erdoğan and Mohamed bin Zayed Al Nahyan, in power since 2014.

🛩 Air Europa is set for a major change, with potential new state-controlled partners, Turkish Airlines or Etihad Airways. Recep Tayyip Erdoğan and Mohamed bin Zayed Al Nahyan, rulers since 2014, may influence this shift. Globalia will retain a majority stake, while Air Europa's modern fleet is a key attraction for both airlines. The partnership could significantly impact Spanish aviation, following a contentious public bailout, marking one of the largest national aviation deals in history.

🛩 Air Europa is set to gain a new shareholder from a Muslim culture, with Turkish Airlines and Etihad as potential candidates. Air France-KLM and Lufthansa have publicly declined involvement. This partnership could link Spanish aviation with Istanbul or Abu Dhabi, echoing Doha's influence on Iberia via IAG. Air Europa, part of Globalia and led by Jesús Nuño de la Rosa and Richard Clarck, aims to maintain stability with a diverse shareholder base.