Spain has approved Turkish Airlines’ acquisition of a minority stake in Air Europa, clearing a key regulatory hurdle for the deal. Turkish Airlines said the investment agreement has already been signed after its binding offer was accepted.
The planned investment is valued at €300 million, with the final stake expected to fall between 25% and 27% after technical and financial adjustments at closing. The Spanish approval is Foreign Direct Investment clearance, while other regulatory approvals remain pending.
Turkish Airlines said it expects the transaction to be finalised in 2026. The agreement would make the carrier a significant minority investor in Air Europa, a move with implications for its European network and competitive positioning.