Loading
23-Nov-2009 1:41 PM

Business combination Meridiana and Eurofly creates 'Meridiana FLY'

Eurofly Board approved (19-Nov-2009) a merger with majority shareholder, Meridiana SpA, which owns 60.7% of Eurofly, creating a single airline, Meridiana Fly. The merger plan calls for transfer of Meridiana's air transport activities to Eurofly, which increases its capital by EUR52.56 million. A EUR40 million share capital increase by way of rights option will occur following the merger. The new airline will focus on medium- and long-haul services, while peak short-haul and charter operations will be handled by newly-incorporated company Meridiana Express, which will exist within Meridiana Fly. The deadline for integration is 31-Jan-2010. [more]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More