Air Europa Líneas Aéreas, S.A.U. is the third largest airline in Spain after Iberia and Vueling. It is headquartered in the Centro Empresarial Globalia in Llucmajor, Majorca, Spain. It operates inclusive tour services between northern and western Europe and holiday resorts in the Canary Islands and Balearic Islands. It also operates domestic scheduled services and long-haul scheduled services to North America, South America and the Caribbean. Its main base is Palma de Mallorca Airport, Palma de Mallorca. The airline is 100% owned by Globalia, and since September 2007 it has been an associate member of the SkyTeam alliance.
Air Europa started in 1986 as part of the British ILG-Air Europe Group and 75% owned by Spanish banks. When parent company ILG ceased trading in 1991 Air Europa continued profitably with a larger fleet of Boeing 737s. It signed a franchise agreement with Iberia in January 1998, but this has since been dissolved. It is now owned by Globalia Corporación Empresarial S.A. At the end of the 1990s Boeing 737-800 jets were introduced along with a new livery. In June 2005 it was announced among the four future associate members of SkyTeam alliance, due to join by 2006. However,

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