Brussels Approves Air Nostrum-CityJet Joint Venture | Aviation International News

Brussels Approves Air Nostrum-CityJet Joint Venture

The proposed combination features ties with regional aircraft lessor Falko Regional Aircraft.

By Cathy Buyck • Contributor - Europe

July 24, 2019

The European Commission has approved the tie-up of Air Nostrum and CityJet, just one year after the two companies announced at the Farnborough Air Show in July 2018 the intent to create what they described as the “largest pan-European regional airline group” with a combined fleet of close to 100 aircraft and annual revenues of some €700 million. In a statement released on Wednesday the EU’s antitrust regulator said that the proposed transaction would raise no competition concerns because the companies “have moderate market shares, a sufficient number of competitors remains on the market, and the barriers to entry are low.”

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