Turkish Airlines has submitted a binding offer to acquire a minority stake in Spain’s Air Europa, the company announced Thursday, signaling a strategic move to strengthen its footprint in Latin America and the Iberian Peninsula.
The announcement follows a period of non-binding discussions first disclosed on June 20. The airline said the decision came after internal feasibility studies showed the potential investment aligns with its long-term strategy through 2033.
According to the statement, the deal is expected to support Turkish Airlines’ goals of value creation by tapping into Air Europa’s strong network across Spain and Latin America, regions where Turkish Airlines aims to accelerate growth. The two companies’ complementary networks in both passenger and cargo services were cited as a key factor behind the decision.
The airline emphasized that the offer pertains to a minority stake and that further details will be disclosed if developments emerge that could influence investor decisions.
Air Europa is one of Spain’s largest carriers and a key player in transatlantic routes, particularly between Europe and Latin America. The investment would potentially mark Turkish Airlines’ first equity involvement in a European airline since it launched its 2033 growth strategy, which prioritizes global expansion and ecosystem integration.