Spain to Weigh Air Europa Stake in Revised Deal With IAG
- Government seen taking up to 40% holding in struggling airline
- Economy minister says all options are being explored
An Air Europa Boeing 737-800 makes its landing at the Lanzarote Airport in the Canary Islands on Dec. 22, 2021.
Photographer: Fabrizio Gandolfo/Sopa Images/LightRocket/Getty ImagesThis article is for subscribers only.
Spain is considering taking a direct stake in Air Europa as part of a revised plan to rescue the troubled airline after the collapse of its proposed sale to IAG SA, according to people familiar with the matter.
Under a new structure under discussion, state-backed coronavirus bailout loans could be converted into a government holding of about 40% in the carrier, according to the people, who asked not to be named while negotiations are in flux.