Air France would aim for an air check Europa, Lufthansa also on the ranks

The Air France-KLM and Lufthansa groups both submitted competing offers to enter the capital of the airline, Air Europa. Air France-KLM offers to acquire 51% of the Spanish company while Lufthansa put 240 million euros on the table.

The fleet of around fifty Air Europa planes is at stake. © Pixabay – Air France -KLM has submitted an offer to enter the Air Europa capital. Back up save Receive air transport alerts The Air France-KLM group and its competitor Lufthansa have filed two separate offers to enter Air Europa capital, with a respective amount of 300 and 240 million euros, ensures Tuesday the Spanish media online El Confidencial. Contacted by AFP, neither Air France-KLM, nor Air Europa wished to comment on this information. According to El Confidencial, Air France-KLM proposed to acquire 51% of the Spanish company from its main shareholder, the Globalia tourist group, controlled by the Hidalgo family. The Franco-Dutch group, advised by Société Générale, also undertook to take care of the debt contracted by Air Europa vis-à-vis the Spanish state during the COVVI-19 crisis. If this operation is born, the Hidalgo family, which currently holds 80% of Air Europa, would only have 29%, against 20% for Iag, Mother House of British Airways and Iberia, specifies El Confidencial. After the online media, Lufthansa proposed for its part to inject 240 million euros into the Spanish company, via a capital increase of 25% to reimburse by the Spanish state. This State aid was in total at 475 million euros, including 240 million in the form of a capital convertible loan with an interest rate of almost 9%, and 235 million in the form of ordinary loan, with a rate of 2%. Read also: Air France-KLM takes off on the stock market, Transavia takes advantage of paid cabin luggage Air-France KLM wants to consolidate the airline in Europe. Interrogated last Thursday during a press conference, the director general of Air France-KLM, Benjamin Smith, had confirmed the group’s interest in a stake in Air Europa. “Do we interest us?” Yes, we look at him, ”said Smith, without further details. After the Covid crisis, his group said he was determined to participate in the consolidation of the air sector in Europe. He recently participated in 19.9% ​​in the Scandinavian company SAS, and was interested in the Portuguese Tap. Lufthansa, which also holds Austrian, Swiss, Eurowing and Brussels Airlines airlines, has just finalized an agreement with the Italian government for a minority participation in Ita Airways. Air Europa, which currently has a fleet of around fifty aircraft, not only make Spanish internal flights, but also European and long-haul bonds Latin and the Caribbean. The company transported 12 million passengers last year, for a turnover of 2.9 billion euros, up 6% compared to the 2.76 billion 2023. To read also: “Investing in our economy”: an Airbus leader calls to no longer buy American receive our latest news each morning, the information to remember on the financial markets. (tagstotranslate) Transport to u00e9rien

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