Globalia is negotiating the sale of a 20% stake in its subsidiary Air Europa (UX, Palma de Mallorca) to Air France-KLM worth over EUR100 million euros (USD105.5 million), unnamed sources have told the Spanish newspaper elEconomista.

Due to the percentage allegedly being eyed by the Air France and KLM Royal Dutch Airlines parent, the transaction would not require the European Union’s regulatory approval, the newspaper said, unlike IAG International Airlines Group’s recent bid for full control of the…

Source: ch aviation
Read more: Air France-KLM eyes 20% stake in Air Europa – report