PARIS (Reuters)-The Franco-Dutch Air Group Air France-KLM offered 300 million euros to take a 51% stake in the Spanish company Air Europa, the El Confidentical website reported on Tuesday, citing sources close to negotiations.
Air France-KLM, which had declared in November that discussions were underway, would also resume debt of 475 million euros in Europa towards the Spanish government, added El Confidencial.
This offer comes a month after two sources to the close to the file told Reuters that the German rival Lufthansa was considering a proposal for a minority participation in Air Europa.
According to El Confidencial, Lufthansa offered 240 million euros for a 25%participation.
The Spanish airline is 20% owned by IAG, the parent company of British Airlines, which had given up taking all of the capital last year due to regulatory problems.
Air Europa, owned by the Spanish family group Globalia, serves Spain and connects Madrid to several major cities in Europe and Latin America.
An Air France-KLM spokesperson refused to comment, while Globalia did not immediately respond to a comment request.
Lufthansa did not wish to comment.
(Written by Inti Landauro, Elena Smirnova, edited by Blandine Hénault)
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