The European Commission has approved the proposed merger of Spain’s Air Nostrum and Ireland-based CityJet, a move that brings the creation of what will be Europe’s largest regional airline one step closer. Under the plan, a joint venture with a single holding company will be created, with the two airlines retaining their individual identities. Air Nostrum is an Iberia franchised airline for regional flights. Formally, the Commission has given its go-ahead to the parent ...

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