Air Europa, the airline based in Llucmajor, has finalized its agreement with Turkish Airlines, which will allow the Turkish carrier to acquire a stake in the Spanish airline through a €300 million investment, the company announced early this morning. The transaction has been structured as a convertible loan, which will be exchanged for a stake of approximately 26% in Air Europa, once all regulatory requirements are met, the airline explained. This deal values Air Europa, which is predominantly Spanish and family-owned, at around €1.175 billion, the company stated.

The Palma Court has sentenced the former island councilor to two and a half years in prison. Pilar Bonet for defrauding Globalia of €2.1 million while working there. This Thursday, accompanied by her lawyer, Antoni Martínez, Bonet ratified the agreement reached by both parties and accepted the charges and the two-and-a-half-year prison sentence for having authorized payments through the company to personal accounts or accounts under her control when she served as head of administration and accounting from 2019 to 2023.

Former island councilor Pilar Bonet is scheduled to appear before the First Section of the Palma Provincial Court this Thursday to ratify the agreement in which she admits to having defrauded Globalia of more than two million euros while working for the company.