Turkish Airlines is to submit a binding offer to take a minority stake in Spanish carrier Air Europa, having previously indicated interest last year.

The Star Alliance carrier has not given any further indication as to the size of the proposed investment.

But it says that the “complementary nature” of Turkish Airlines’ network and the “strong presence” of Air Europa would enable “scaled and accelerated growth” in the Latin American market.

Turkish Airlines adds that there is potential to “create a leverage effect” through new partnerships, revenue streams and operational diversity.

“Our company has resolved to submit a binding offer to Air Europa for a minority stake investment,” it states.

Air Europa 737 Max-c-Air Europa

Feasibility evaluations have led the carrier to conclude that the proposed investment is “in line” with its long-term objectives under a business strategy running to 2033.

While Turkish Airlines is a member of Star Alliance, Air Europa is part of the rival SkyTeam group.

Air Europa has previously attracted tie-up interest from Oneworld-linked IAG and, more recently, reportedly from Air France-KLM and Lufthansa.





Source link

Posted in
Uncategorized

skylinesmecher

Related Posts
Limousine Comments are Closed

Plan the perfect NYC Memorial Day weekend

Pack only what you need and avoid overpacking to streamline the check-in and security screening…

News Comments are Closed

LA’s worst traffic areas and how to avoid them

Consider using alternative routes, such as Sepulveda Boulevard, which runs parallel to the 405 in…

AerCap orders 100 A320neo-family jets in Frontier-linked transaction

Irish-based leasing giant AerCap is ordering another 100 Airbus A320neo-family jets, delivery of which will…

Air Astana co-founder BAE Systems exits carrier after nearly 25 years

UK aerospace firm BAE Systems is selling its remaining interest in Kazakh operator Air Astana…

UK to buy additional Thales Martlet missiles as counter-drone weapon demand spikes

With demand for air-launched counter-drone capability having spiked due to the conflict in the Middle…

Thales eyes expansion of contrail-avoidance trials after Amelia test success

Thales is eyeing a large-scale trial of a new contrail-avoidance system to validate the solution…

European airline leaders call for regulators to stop taking aviation progress for granted | News

European airline leaders are calling on the region’s regulators to take steps to support the…

Warsaw-based Draco Aircraft pitches HyperSTOL design to Polish military and NATO operators

Warsaw-based Draco Aircraft has entered into partnership with two Polish military institutions to pitch a…

P&WC details hybridisation plan for PW127 engine that could power ATR Evo

Pratt & Whitney Canada parent RTX has provided more details on the advanced hybrid-electric PW127…

Anduril’s UK boss eyes growth opportunities as autonomous system demand takes off

Anduril Industries is eyeing significant further growth in the UK, as the company’s in-country presence…

United Aircraft passenger airliner prototypes to undergo natural icing tests

United Aircraft is to undertake natural icing tests on three new aircraft models, with prototypes…

Thales to supply new communications system for Pilatus PC-7 trainer operator

Thales has been chosen to provide a radio management system for use by an undisclosed…

Post a comment

Your email address will not be published.