Vueling and clickair merger set for completion mid July

"Five year-old Vueling, the Spanish low fare airline, will formally combine with its rival clickair on the 9th of July to create what the new Vueling CEO Alex Cruz calls ‘a merger of equals.’ On Monday 29th June the Spanish stock market regulator CNMW exempted Iberia from making a takeover bid for the new airline but Iberia will hold a 45.85% shareholding in the new Vueling."