Lufthansa Withdraws From Air Europa Stake Talks

Lufthansa has officially withdrawn its bid to acquire a stake in Spanish airline Air Europa after thorough analysis and intense negotiations. This decision follows the earlier withdrawal of Air France-KLM from the bidding process, leaving Turkish Airlines as the sole remaining bidder. Air Europa is controlled primarily by Globalia, with International Airlines Group holding a minority stake, though IAG's attempt to acquire full ownership failed due to regulatory hurdles. Lufthansa's exit from the process highlights ongoing complexities in consolidating Air Europa's ownership amid competition and regulatory challenges. Both Lufthansa and Air France-KLM have also expressed interest in acquiring stakes in Portugal's TAP Air Portugal, indicating a strategic focus on other opportunities within the region. Neither Globalia nor Turkish Airlines have commented on the current bidding status.