AA 8762 then IB 777 at Madrid
Valencia → Madrid → Hamburg
Timetable, Madrid time
07:10AA 8762 from Valencia at the gate
19:45IB 777 to Hamburg leaves the gatealso LA 1697, VY 5126, AT 5906
12 h 35 apart on the timetable
IB 777 leaves 12 h 35 after AA 8762 arrives on the timetable: more than half a day, so not a connection we count.