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Mallorca-based airline given a year to sort out its finances
Air Europa has faced potential bankruptcy.
British Airways owner takes 20 percent stake in Mallorca-based Air Europa
Deal valued Air Europa at 500 million euros
Air Europa to get 100 million euros loan from Iberia
For now, the loan means that Iberia will have the option of a 20% stake in Air Europa.
Air Europa and the admirable Pepe
Negotiations with Iberia about the sale of Air Europa broke down a week or so before Christmas.