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clickair/Vueling: shareholders approve merger

21-May-2009

90% of Vueling and clickair shareholders voted in favour of the LCCs’ merger in May-2009, giving the go ahead for the combined LCC, to remain named Vueling, to commence operations in Jul-2009. The merger was approved by the EU in Jan-2009, while merger covenants were signed by Vueling and clickair’s Board of Directors on 13-Feb-09 and 18-Feb-09 respectively. Final legal and regulatory requirements are to be finalised by late Jun-2009 or early Jul-2009. [866 words]

Unlock the following content in this report:

Subheadings:

  • Targeting EUR65 million in synergies
  • Planning to cut 65 aircraft maintenance positions
  • Vueling forecasts first full year profit in 2009
  • Clickair launches new internet booking feature to generate further ancillary revenues

Graphs and data:

  • Spain domestic capacity share by carrier (seats per week as % of total): Week commencing 18-May-09
  • Spain international capacity share by carrier (seats per week as % of total): Week commencing 18-May-09
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