Published on April 7th, 2019 | by Mark Dwyer0
Air Nostrum and Cityjet Merger Months Away
Speaking at a press conference at the end of March, president of Air Nostrum, Carlos Bertomeu, said they are still awaiting authorisation from the European Commission for their merger with Cityjet, due within the next five months. If approved as is, Air Nostrum will have a majority shareholding in the merged company which will also have a new, as yet undecided, name.
In advance of the merger, Air Nostrum announced it was organising the group into seven distinct business units;
- Air Nostrum Engineering: will be responsible for MRO services that are currently carried out by Air Nostrum’s technical division. It will primarily target the European market;
- Air Nostrum Global Services: the key unit in the group which will offer a variety of services including legal, corporate communications, human resources, financial, IT, and administration to member carriers as well as third-parties;
- Air Nostrum Training: will cater to crew training;
- Air Nostrum Technic America (ANTA): headquartered in Paraguay, ANTA provides major maintenance services and stores Bombardier, ATR, and Airbus parts for airlines in Paraguay, Argentina and Bolivia;
- Saimer: a leasing company based in Ireland;
- Aer Resources Agency (ARA): a company responsible for personnel, including flight crew, management across the group’s various AOCs;
- Air Nostrum Commercial: will oversee the commercialisation of the group’s various airlines with regards to scheduled flights, charter flights and wet-lease/ACMI operations.
The Air Nostrum parent, ILAI Group, also owns Hibernian Airlines, an Irish airline that was issued its AOC in January. Established as a wet lease carrier, they currently operate one Bombardier CRJ-1000 EI-HBA which is flying for Air Nostrum. The airline could be a contender for the Aer Lingus Regional contract, currently held by Stobart Air until 31st January 2022.