Faced with an ongoing recession in Spain and an onslaught of low-cost carriers, Air Nostrum is deepening its restructuring efforts to return to profitability and has decided to phase out its entire Bombardier CRJ200 fleet, while postponing deliveries of new CRJ1000 and ATR-600 series aircraft. The CRJ200 fleet was responsible for most of Air Nostrum’s losses in 2012, which amounted to €21.1 million ($27.9 million) on revenues of €465 million. High fuel prices, decreasing yields and ...

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