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Air Nostrum, CityJet sign joint venture to create new European airlines group

Reuters - UK Focus

MADRID, July 17 (Reuters) - Air Nostrum and Ireland (Other OTC: IRLD - news) 's CityJet on Tuesday signed an accord to create a new joint holding which they said would form the largest short-haul airline group in Europe.

The creation of the holding, which would have a joint fleet of almost 100 planes, is subject to regulatory approval, Air Nostrum said in statement on its website. (Reporting by Robert Hetz; Writing by Paul Day)