Air Europa Accepts Turkish Airlines Investment Offer

Spanish airline, Air Europa, has officially accepted a three hundred million euro investment offer from Turkish Airlines.

This investment will aid Air Europa in repaying its debt of four hundred and seventy-five million euros contracted during the pandemic.

Turkish Airlines is set to acquire between twenty-six and twenty-seven percent of Air Europa’s shares.

Air Europa’s president, Juan José Hidalgo, signed the acceptance letter earlier this week.