By Ilona Wissenbach and Joanna Plucinska

FRANKFURT/LONDON (Reuters) -Lufthansa has abandoned its plan to bid for a stake in Spanish airline Air Europa, a spokesperson for the German group said on Tuesday, only a week after Air France-KLM announced it was also dropping out of the process.

That leaves Turkish Airlines as the only known remaining bidder. British Airways-owner IAG owns a 20% stake in Air Europa but failed to get regulatory approval for a full takeover in 2024 after years of talks.

“After thorough analyses and intense negotiations, we have at this stage decided against further engaging in a capital contribution and shareholding in Air Europa,” the Lufthansa spokesperson said.

Globalia, the family-owned company controlling Air Europa, declined to comment. Turkish Airlines di

See Full Page