Fusiones y Adquisiciones

💰 Air Europa secures a €300 million investment from Turkish Airlines through a convertible loan, accounting for a 26% stake, pending regulatory approval. This funding, along with Air Europa's own resources, will repay a €475 million SEPI loan and additional interests totaling around €500 million. The Hidalgo family remains the major shareholder. Since receiving state aid, Air Europa paid approximately €97.2 million in interest, averaging €70,000 daily. The airline's valuation stands at approximately €1.175 billion.

💻 Juniper Group, based in Palma de Mallorca, has acquired UK-based Inspiretec, enhancing its tech presence in tourism. Inspiretec offers a platform integrating booking systems, CRM, and digital tools. The integration will add features and connectivity from other Juniper companies. Simon Powell, Inspiretec CEO, aims for exceptional service continuity. Jaime Sastre, Juniper CEO, values Inspiretec's innovative solutions. Current operational structure and teams will remain intact.

📊 En 2025, DIT Gestión prevé elevar su EBITDA un 15% tras integrarse en Ávoris Corporación Empresarial. El evento en Huelva reunió a 900 agencias y 200 turoperadores, destacando el crecimiento en el Caribe, lunas de miel, Disney, y cruceros. Objetivos en Portugal incluyen consolidarse con agencias fuertes. Mejora de la prima de Haiku Seguros a 500,000 euros y lanzamiento de tarifas last minute y corporate. Introducen Dit Pay, devolviendo 0.7% de ventas a agentes.

✈️ Vueling, led by Carolina Martinoli, will double its flight capacity between Barcelona and Istanbul from 7 to 13 weekly flights starting summer 2026. The low-cost airline first launched this route in October last year with three weekly flights. Competing with Turkish Airlines, which operates 3-4 daily flights, and Pegasus with 1-2 daily flights, Vueling aims to capture market share in Istanbul. Turkish Airlines plans to acquire 26%-27% of Air Europa in 2026.

🛩 Turkish Airlines secured a historic 2.9 billion yuan ($412 million) loan from the Bank of China. This funding supports their $300 million acquisition of Air Europa. The investment aims to expand their fleet, business growth, and infrastructure at Istanbul Airport. CFO Murat Şeker emphasized the strengthened financial position and enhanced Turkey-China ties. This deal is set to help Turkish Airlines reach a fleet of 800 aircraft.

🌍 Joan Gaspart and José Luis Rodríguez Zapatero have become prominent figures in China's tourism projects in Hainan, the economic lab of Beijing. In March, Gaspart was named "global ambassador of Hainan" and hosted Governor Liu Xiaoming in Barcelona to discuss investment opportunities. Zapatero attended the Boao Forum in March, supporting China’s goal to make Hainan a free trade port. Both have participated in events promoting Hainan as a global tourist destination.

🛩 Aena is considering a stake in Catania Airport, Italy's fifth largest by passenger traffic, as the privatization of 51%-66% of SAC is planned. In 2024, the airport handled 12.3 million passengers, a 15% increase, with revenues of €122 million. Interested parties include Vinci, ADQ, Mundy’s, and Blackstone, with Mundy’s seen as a key competitor. Catania's majority stake is valued over €600 million. Aena also eyes projects in Sao Paulo and London Luton.

✈️ Iberia and Pegasus Airlines enter a code-sharing agreement, enhancing routes between Spain and Turkey. Starting from October 2025, Iberia will offer flights from Madrid to Istanbul's Sabiha Gökçen Airport and seven Turkish domestic destinations. Pegasus will add its code to Iberia’s flights to 11 Spanish locations, Lisbon, and São Paulo. This move follows Turkish Airlines' €300 million purchase of 27% of Air Europa, intensifying competition in the Madrid-Istanbul corridor.

🛫 Air Europa has received the fourth of 20 Boeing 737 Max aircraft in 2025 at Adolfo Suárez Madrid-Barajas Airport from Glasgow. Initially, they received the first unit in May 2025, becoming the first Spanish airline to operate this model. IAG owns 20% of Air Europa, with Turkish Airlines acquiring 26-27%. The airline plans to receive ten more units in 2026, aiming for a total of 20 by mid-2028, contributing to cost efficiency and long-term profitability.

✈️ Air Europa has paid €73 million in interest on a €475 million state loan from SEPI during the pandemic. A further interest payment of €22.8 million is scheduled for November. The airline plans to use €300 million from Turkish Airlines, in exchange for 26-27% of its capital, along with existing liquidity, to repay the state aid early. This information was disclosed by the government in response to parliamentary inquiries.