BREAKING NEWS

Air France Buys a Third of Spain-based Air Europa

Caribbean News Digital has learned that French airline Air France-KLM has bought has much as 30 percent of shares from Spanish carrier Air Europa, owned by the Globalia Group, also from Spain.

Though much of the information remains unconfirmed and sketchy, well-informed sources told Caribbean News Digital that a third of Air Europa’s stocks are now in the hands of Air France-KLM, one of the most powerful air companies in both Europe and the world.

Air Europa is an airline based in Palma de Majorca, Spain. It operates inclusive tour services between northern and western Europe and holiday resorts in the Canary Islands and Balearic Islands. It also operates domestic scheduled services and long-haul scheduled services to North America, South America and the Caribbean. Its main base is Son Sant Joan Airport, Palma de Majorca.

Air France-KLM is a European airline holding company incorporated under French law with its headquarters at Roissy-Charles de Gaulle Airport near Paris, France. It is the largest airline company in the world in terms of total operating revenues, and the third largest in the world in terms of passenger-kilometers and passenger fleet size.

Air France-KLM is member of the SkyTeam airline alliance. They offer a frequent flyer program called Flying Blue. The company's namesake airlines rely on two major hubs: Roissy-Charles de Gaulle International Airport, near Paris, and Schiphol Airport, near Amsterdam.