Turkish Airlines €300M Investment Offer Accepted by Air Europa

Air Europa has accepted a €300 million (US$352 million)
offer from Turkish Airlines for a minority stake in the Spain-based carrier,
Turkish Airlines announced this week, adding that the exact percentage of the
stake will be determined following the closing. The process is expected to be
complete within six to 12 months, subject to obtaining the necessary permits
and approvals from regulatory authorities, according to Turkish Airlines.