Air France-KLM offers 300 mln euros for 51% in Air Europa, El Confidencial reports

Franco-Dutch airlines group Air France-KLM has offered E300m for a 51% stake in Spanish airline Air Europa, news website El Confidencial said on Tuesday, citing unnamed sources close to the negotiations. Air France-KLM, which said in November talks were underway, would also take over Air Europa's E475m debt owed to the Spanish government, El Confidencial added. The offer comes one month after two sources with knowledge of the talks told Reuters German rival Lufthansa was considering making an offer for a minority stake in Air Europa. El Confidencial said on Tuesday Lufthansa was offering E240m for a 25% stake. The Spanish airline is 20% owned by BA-parent IAG, which backed out of taking full ownership last year due to regulatory concerns. Air Europa, owned by Spanish family group Globalia, flies within Spain and between Madrid and large cities in Europe and Latin America.<br/>