Turkish Airlines has confirmed that it is holding “non-binding discussions” with Air Europa over investment opportunities in the Spanish carrier.
Prompted by a Reuters article, Turkish Airlines advised its own investors in a public announcement on June 20, 2025, that it is in talks to “acquire shares”.
“Our Company continuously evaluates growth opportunities to strengthen its position in the global aviation industry and enhance its competitiveness in the market,” the financial filing said.
It added: “In this context, as referenced in the media, non-binding discussions are being held to assess the investment opportunity in Air Europa and to explore potential partnership synergies.”
Reuters reported in its exclusive article that Turkish Airlines was looking at making an offer for a minority share in Air Europa.
Turkish Airlines now joins Lufthansa Group and Air France-KLM who have also reportedly shown very strong interest in Air Europa.
In March 2025, Air France-KLM Group reportedly tabled an offer of €300 million ($330 million) to take a controlling stake (51%) in the carrier.
It’s also previously been claimed that Lufthansa Group offered a €240 million ($264 million) investment in exchange for a 25% stake in the Spanish airline.
The Hidalgo family, though their Globalia travel consortium, are currently the largest stakeholder of Air Europa’s shares.
It is understood that interested parties are being asked to register binding bids by July 2025, according to Reuters.