Spanish rivals combined 10m

VUELING, subject to what was in some ways a reverse takeover by former Spanish rival Clickair, flew more than 10m passengers over the last 12 months, an increase of 81% compared with the previous year.  Almost 3.5m (30% of the total transported) originated outside Spain – foreigners travelling to Spain for both leisure and business.  On some of the airline’s routes, the proportion of overseas travellers is markedly higher.  “The merger was accomplished at a very complex time,” said Vueling CEO Alex Cruz who held the same position at Clickair.  “One of the catalysts to the success of this merger process has been and continues to be our obsession with cost savings.  In 2009, €11.4m was saved in cost synergies.  During 2010 this will increase to a further €15.5m,” he added. www.vueling.com

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