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British Airways owner finally agrees to buy Palma based Air Europa
Final agreement to buy the Mallorca-based airline is still subject to regulatory and other approval.
Andrew Ede23/02/2023 20:31 Mallorca-based airline given a year to sort out its finances
Air Europa has faced potential bankruptcy.
British Airways owner takes 20 percent stake in Mallorca-based Air Europa
Deal valued Air Europa at 500 million euros
Air Europa to get 100 million euros loan from Iberia
For now, the loan means that Iberia will have the option of a 20% stake in Air Europa.
Air Europa and the admirable Pepe
Negotiations with Iberia about the sale of Air Europa broke down a week or so before Christmas.
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