Spanish regional operator Air Nostrum has completed plans to bolster its financial standing. The Valencia-based regional carrier believes the cash infusion will help enable it to return to profit in 2015. New investors have injected €25.8 million ($35 million), with CEO Carlos Bertomeu taking control of the company with a 54.41% share of its shares. Strengthening the company’s financial resources was deemed essential after several years of tough financial conditions—Spain ...

Subscribe to Access this Entire Article

"Air Nostrum completes plans to strengthen capital" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.