Fusiones y Adquisiciones

💸 Ávoris, owner of Halcón Viajes and B travel, has stopped offering large discounts before the summer season. Halcón previously provided discounts up to €800 per booking, while B travel offered 15% off. This strategic shift is not due to excess demand, as confirmed by Barceló. Meanwhile, rival Viajes El Corte Inglés continues its low-price campaign with discounts up to 60% and incentives up to €400. Sales have surged since May, indicating a strong summer compared to 2024.

🏨 Mazabi acquired a luxury hotel in Monte Igueldo, San Sebastián, marking their 17th hotel asset valued over €400 million. Managed by Luze Hoteles as Luze Boutique San Sebastián, it features 42 rooms, an infinity pool, wellness zone, 9,000 m² gardens, and a restaurant by chef Iñigo Lavado. The acquisition aligns with Mazabi's strategy to diversify assets across Spain, with plans to rotate hotels in Córdoba, Cádiz, Madrid, and Castilla y León in 2024-2025 for €60 million.

🛩 Iberia owns 20% of Air Europa and plans to invest more in a capital increase. Lufthansa and Etihad are potential buyers for a minority stake, with Air France-KLM and Turkish also contenders. Air Europa's modern Boeing 787 Dreamliner fleet is appealing, amid limited deliveries. Lufthansa could focus on Madrid-America routes; Etihad might prioritize Asia. Iberia might favor Etihad, aligning with IAG's strategy, as it expands in underserved Latin American regions.

✈ Air Europa is set for significant change as a new shareholder is expected to acquire 25% of the airline's capital, positioning them to control the company. Four potential candidates are involved, from Turkey, the UAE, Germany, and the Netherlands, with Etihad and Lufthansa as frontrunners. Iberia owns 20% of Air Europa and plans to participate in a capital increase. The CEO of IAG, Luis Gallego, maintains close ties with Air Europa’s CEO, Jesús Nuño de la Rosa.

✈ Global Airlines, as of 2025, plans a strategic shift from operating long-haul flights with its sole Airbus A380 to leasing planes using the ACMI model (which includes crew, maintenance, and insurance). Backed by Kingdom Holding Company of Saudi Arabia, Global aims to acquire three more A380s. This move would make them the world's first A380 ACMI operator, allowing the airline to pivot its business model effectively.

✈ Lufthansa is accelerating its efforts to acquire a stake in Air Europa. A due diligence has been conducted, with plans to submit a binding offer soon. Air Europa, led by CEO Jesús Nuño de la Rosa, needs the sale to repay a €475 million state rescue by 2026. Air France and Lufthansa aim for a majority stake, but the Hidalgo family only wants to sell 25%. The €1 billion valuation, unchanged since pre-pandemic negotiations with Iberia, is considered high by potential buyers.

🏨 Hyatt Hotels Corporation lanzó "Unscripted by Hyatt", parte de la colección Essentials. Dirigida a hoteles de 100-200 habitaciones, la marca busca crecer mediante la reconversión de activos. Actualmente, hay más de 40 hoteles en conversaciones para unirse. En 2023, Hyatt adquirió Dream Hotel Group por 289 millones de euros. La cartera Lifestyle sumó más de 30 propiedades y 3,500 habitaciones del primer trimestre de 2024 al primer trimestre de 2025. El programa World of Hyatt tiene más de 56 millones de miembros.

✈ Ryanair, in 2019, agreed with the Maltese government to set up a permanent base and a subsidiary, Malta Air. Malta secured a 'golden share' to ensure Ryanair promoted tourism. Ryanair now has 136 Boeing 737s and 43 Max aircraft registered in Malta. Recently, Malta sold its controlling share to Gulliver Holdings for €25,000, giving Ryanair full ownership of Malta Air.

🗺 Viajes El Corte Inglés plans to expand its division to other destinations from the initial focus in Canarias, where the division started in early 2024 with about 20 employees. The expansion hinges on promising results. The initiative aims to enhance the Tourmundial offerings, which surpassed €200 million in revenue last year. The group's strategic focus on its wholesale division emphasizes its increasing significance in the travel sector.

✈️ Boeing's 777X undergoes tests, with a dramatic stop captured by YouTube's TinyEyesSeby, coming to a halt in just 15 seconds. Expected service entry: 2026, barring delays. Lufthansa, the German airline, will debut the aircraft exclusively.