MADRID (Reuters) – Spanish airline Air Europa has employed adviser PJT Companions (NYSE:) to boost about 475 million euros ($492 million) in fairness and debt, Spanish information web site El Confidencial reported on Tuesday, citing unidentified trade sources.
Air Europa’s administration is looking for to boost 240 million euros ($248.6 million) in contemporary fairness and to boost 235 million euros in debt to pay again an excellent mortgage granted by the federal government in the course of the pandemic, the information web site stated.
The airline, which is 20%-owned by British Airways proprietor IAG Group, might elevate the fairness by the sale of recent shares equal to as much as a 20% stake, it added.
Air Europa and PJT Companions didn’t instantly reply to requests looking for remark.
($1 = 0.9654 euros)
