History
The airline was established on 23 May 1994 and started operations on December 15. It was founded as Líneas Aéreas del Mediterraneo/Air Nostrum in Valencia. In May 1997, Air Nostrum signed an agreement with Iberia to become an Iberia franchise. It acquired Iberia subsidiary Binter Mediterraneo and absorbed its operations. Following Iberia's merger with Aviaco in 1999 additional domestic and international services were taken over by Air Nostrum. It acquired Dutch airline Denim Air in 1999, but disposed of any interest in the company in 2002. Air Nostrum is owned by Nefinsa (74.8%), Caja Duero (22.2%) and Air Nostrum management (3%) and has 2,040 employees (in March 2007).
Read more about this topic: Air Nostrum
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