Air Europa Owners in Talks With Air France-KLM to Sell Up to 20% Stake, El Economista Reports

Dow Jones11-27

-- The Hidalgo family--who owns 80% of Spanish airline Air Europa through its firm Globalia-- has been in talks to sell up to 20% of the airline to Air France-KLM, El Economista reports without citing sources.

-- The amount of the transaction is yet to be determined, although it will be higher than 100 million euros ($104.9 million) , the Spanish newspaper says.

-- The French group would become a sort of industrial partner of Air Europa, opening the door to new alliances with Air France-KLM.

Full story: https://tinyurl.com/yzshb5bk

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

November 27, 2024 03:48 ET (08:48 GMT)

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