Spain’s Air Nostrum and Irish carrier CityJet have announced plans to come together under a new holding company, creating Europe’s largest regional airline group. Together, the two airlines will operate around 100 aircraft, with 2,600 employees and combined annual revenue of around €700 million ($819 million). Senior executives from both airlines announced the tie-up at the Farnborough Air Show, although details of the deal—including the ownership structure—are ...

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