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
Famous quotes containing the word history:
“No matter how vital experience might be while you lived it, no sooner was it ended and dead than it became as lifeless as the piles of dry dust in a school history book.”
—Ellen Glasgow (1874–1945)
“The history of our era is the nauseating and repulsive history of the crucifixion of the procreative body for the glorification of the spirit.”
—D.H. (David Herbert)
“The basic idea which runs right through modern history and modern liberalism is that the public has got to be marginalized. The general public are viewed as no more than ignorant and meddlesome outsiders, a bewildered herd.”
—Noam Chomsky (b. 1928)