Brussels approves Air Nostrum-CityJet joint venture
The EC has approved the tie-up of Air Nostrum and CityJet, just 1 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 E700m. 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.” Brussels received notification of the proposal June 19 and analysed the deal under the EU’s normal merger review procedure. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-07-25/unaligned/brussels-approves-air-nostrum-cityjet-joint-venture
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Brussels approves Air Nostrum-CityJet joint venture
The EC has approved the tie-up of Air Nostrum and CityJet, just 1 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 E700m. 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.” Brussels received notification of the proposal June 19 and analysed the deal under the EU’s normal merger review procedure. <br/>
