News Clickair-Vueling merger to steady Spanish ship?

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Clickair-Vueling merger to steady Spanish ship?

Spanish aviation investors are negotiating over the future of Iberian low-budget airline.

Spanish aviation investors are negotiating over the future of Iberian low-budget airline Clickair, reports have claimed.

The no-frills airline has refused to comment on rumours of a prospective merger, but airline information portal ATW Online has claimed that a deal could well be on the cards between Clickair and fellow Catalan low-cost firm Vueling Airlines.

Air Nostrum has also been rumoured to factor in a deal, as reports converge to suggest that the Spanish low-cost industry is fighting to protect one of its key assets against competition from foreign industry leaders such as Ryanair and easyJet.

Vueling’s largest invetor, Inversiones Hemisferio, claimed that it was in talks with various airlines, prompting reports of a Vueling-Clickair tie-up, but Air Nostrum is already a 20 per cent share-holder in Clickair, making it a likely partner.

Clickair and other Spanish low-cost carriers have recently acknowledged the strains of tough competition in the sector.

Spanish newspaper El Pais this week claimed that the airline was cutting costs by reducing as many as eight flight routes, with a merger or takeover deal now looking increasingly likely.

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