Air France/KLM Group has placed a €300 million bid for a majority stake in Spanish airline Air Europa, according to Spanish newspaper El Confidencial. This move positions the Franco-Dutch airline group in direct competition with Lufthansa, which is also vying for a stake in the struggling airline.
According to El Confidencial, Air France-KLM proposes to pay the sum in cash to the Hidalgo family, which currently holds the majority of Air Europa’s shares, in exchange for a 51% stake….
