Air Europa hires PJT Partners to increase capital, raise debt, El Confidencial says

MADRID (Reuters) - Spanish hose Air Europa has hired advisor PJT Partners (NYSE:) to rise astir 475 cardinal euros ($492 million) successful equity and debt, Spanish quality website El Confidencial reported connected Tuesday, citing unidentified manufacture sources.

Air Europa's absorption is seeking to rise 240 cardinal euros ($248.6 million) successful caller equity and to rise 235 cardinal euros successful indebtedness to wage backmost an outstanding indebtedness granted by the authorities during the pandemic, the quality website said.

The airline, which is 20%-owned by British Airways proprietor IAG Group, could rise the equity done the merchantability of caller shares equivalent to up to a 20% stake, it added.

Air Europa and PJT Partners did not instantly respond to requests seeking comment.

($1 = 0.9654 euros)