Improved Air Europa performance will influence Iberia's intentions regarding acquisition.
Air Europa has faced potential bankruptcy.
Deal valued Air Europa at 500 million euros
Air Europa and Iberia have been talking acquisition since before the pandemic.
For now, the loan means that Iberia will have the option of a 20% stake in Air Europa.
The purchase of Air Europa by Iberia (IAG) remains in doubt.
Round trip flights (mainland to the Balearics and back) from 28 euros.
One of the Air Europa flights having landed in Madrid.
Air Europa, an airline promoting Mallorca.
The Globalia headquarters in Llucmajor.
Hotels in the Dominican Republic are apparently also being offered as guarantee.
The sale of Air Europa comes with strings attached.
Iberia will pay 500 million euros but not until 2026.
There is an increasing possibility that the Spanish government could end up becoming Air Europa's major shareholder.
There would have to be one year of integration and three years during which Air Europa as a business would have to be maintained.
The Sepla pilots union at Iberia believes that the acquisition will be a positive factor in enabling expansion and consolidation.
Priority is to strengthen the position of the group in the market, guarantee the brand and the collective agreements already signed.