Lufthansa Group and Air France-KLM have halted talks to acquire a stake in Air Europa (UX, Palma de Mallorca) due to a disagreement over the price with the Hidalgo family, the carrier’s majority owners through Globalia. According to the Spanish newspaper El Confidencial, the two airline groups rejected the Hidalgos’ EUR1 billion euro (USD1.13 billion) valuation of Air Europa.

Both Lufthansa Group and Air France-KLM were reportedly interested in purchasing a 25% shareholding in the airline, although the…

Source: ch aviation
Read more: Air Europa sale talks stall over valuation – report