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Air France, Lufthansa Exit Air Europa Deal Talks

ByAdmin

Air France and Lufthansa have officially halted negotiations with the Hidalgo family, the owners of Spanish airline Air Europa, over the proposed acquisition of a 25% stake in the carrier. The talks reportedly collapsed due to an unresolved dispute concerning the valuation of Air Europa, which the Hidalgo family placed at $1.1 billion.

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Spain’s Popular Party Presses Government Over $913M Airline Debt

ByAdmin

Spain’s Popular Party (PP) has launched a coordinated political campaign in Ibiza’s city councils and the Island Council of the Balearic Islands, calling on the Spanish government to immediately settle an estimated $913 million debt owed to airlines. The unpaid amount relates to resident travel discounts that carriers have already provided but not yet been reimbursed for.