Air Nostrum

What Air Nostrum does

Air Nostrum Líneas Aéreas del Mediterráneo, S.A. is a privately-held Spanish regional airline founded in 1994 and headquartered in Quart de Poblet, Valencia. The company operates scheduled regional passenger services under a franchise agreement with Iberia Group, marketed as "Iberia Regional Air Nostrum," connecting 59-60 destinations across 9 countries in Europe and North Africa with a fleet of 45-46 aircraft (ATR 72-600 and Bombardier CRJ1000/CRJ900) and more than 200 daily flights. It is structured around four wholly-owned operating subsidiaries: Air Nostrum Global Services, Air Nostrum Engineering and Maintenance Operations (ANEM), Air Nostrum Training Operations, and Ara Gestión de Tripulación y Vuelo.

The core business is scheduled regional passenger aviation, with the Iberia franchise providing brand recognition, distribution through iberia.com, the Serviberia call center, and the Iberia Club loyalty program. Beyond passenger transport, Air Nostrum monetizes five additional revenue streams: charter flights, wet lease (fleet rental with or without crew), third-party maintenance and engineering (ANEM), aircraft surface advertising, and inter-island Balearic operations with resident-discounted fares. The company holds public service obligations for underserved regional routes including Melilla (760,000 projected annual seats in 2025, 90.4% on-time performance) and Balearic inter-island connectivity.

The business model is asset-heavy and operationally intensive. Pricing is unit-based, with promotional fares from 17.50 euros per sector on standard routes and discounted resident fares from 10.01 euros for inter-Balearic travel. Customer segments span leisure and business travelers, residents of underserved regions served under PSO contracts, and B2B clients (other airlines for wet lease, third-party carriers for MRO). Carlos Bertomeu serves as President and CEO; the company employs 1,500-1,600 people and has transported more than 115 million passengers over its 30+ year history.

Name

Air Nostrum

Legal name

Air Nostrum Líneas Aéreas del Mediterráneo, S.A.

Website

https://airnostrum.es

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Air Nostrum is a Spanish regional airline operating scheduled passenger services as "Iberia Regional Air Nostrum" under franchise with Iberia Group, connecting 59-60 destinations across 9 countries with 45-46 aircraft and 200+ daily flights, complemented by charter, wet lease, and MRO services.

Ownership category

akta.pro rank

Product category

Regional Passenger Air Transportation

NAICS

Scheduled Passenger Air Transportation (481111), Nonscheduled Chartered Passenger Air Transportation (481211)

SIC

Air Transportation, Scheduled (4512), Air Transportation, Nonscheduled (4522)

akta.pro primary industry

Island & Remote Region Regional Airlines (THABACAL)

akta.pro secondary industries

Essential Air Service (EAS) & Subsidized Regional Operators (THABACAC), ACMI / Wet-Lease Passenger Operators (THABADAA)

Keywords

• Regional passenger aviation
• Aircraft wet lease
• Third-party aircraft maintenance
• Charter flight services
• Inter-island air connectivity

Headquarters

HQ city

Valencia

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Passenger Air Travel: Core revenue from scheduled regional passenger flights across 59 destinations in 8-9 countries. Tickets sold via iberia.com, travel agencies, and Serviberia call center.
2. Charter Flights: Customized special flights tailored to client needs
3. Fleet Leasing (Wet Lease): Aircraft rental to other operators with or without crew for their regular operations
4. Third-Party Maintenance (ANEM): Maintenance services provided to third-party airlines through Air Nostrum Engineering and Maintenance Operations
5. Aircraft Advertising: Advertising services on aircraft surfaces

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Air Nostrum is a Spanish regional airline that operates scheduled passenger flights under the Iberia Regional franchise brand, connecting approximately 60 destinations across 9 European and North African countries with 200+ daily flights using a fleet of 45-46 ATR 72-600 and Bombardier CRJ1000/CRJ900 aircraft. In addition to scheduled passenger service, it sells charter flights, wet-leases aircraft to other carriers, provides third-party aircraft maintenance (ANEM) from Valencia Airport, and offers aircraft surface advertising.

Product overview

Air Nostrum operates as a unified regional airline product under the Iberia Regional franchise brand. The core offering is scheduled passenger aviation connecting 59 destinations across Europe and North Africa. The product portfolio includes the main Iberia Regional Air Nostrum flight operations, complemented by digital entertainment (Regional Play), charter services, third-party maintenance (ANEM), wet lease fleet rental, aircraft advertising, inter-island Balearic flights, and the Iberia Club loyalty program. All services are coordinated through the main franchise relationship with Grupo Iberia and bookings are managed via iberia.com.

Differentiator

Problem solved

Functional benefit

Products and services

• Iberia Regional Air Nostrum Scheduled Passenger Flights
• Charter Flights (Vuelos Charter)
• Wet-Lease Fleet Rental (Alquiler de Flota)
• ANEM Third-Party Aircraft Maintenance
• Aircraft Advertising (Publicidad en Aeronaves)
• Interbalear Inter-Island Flights

Quantifiable outcome

• 90.4% on-time performance in Melilla routes, exceeding network average by 3.8 points
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• IberiacoreChannel Partner/ Reseller/ DistributorAir Nostrum operates as a franchise under the Iberia brand, known as Iberia Regional Air Nostrum. This franchise relationship is the core of the business model, providing brand recognition, distribution through iberia.com, access to Iberia Plus loyalty program, and connections to Iberia Group's broader network.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• HOP!: Air France HOP! is the most direct comparable to Air Nostrum: a French regional airline operating scheduled passenger services under a franchise model for a flag carrier (Air France), connecting regional airports to Paris hubs. Closely aligned business model, fleet type (regional jets/ turboprops), and franchisee-distributor dynamic.
• Widerøe: Norwegian regional airline operating scheduled short-haul services to small and remote Norwegian airports under PSO contracts, plus a charter segment. Directly comparable on PSO dependence, regional turboprop operations, and island/remote connectivity.
• Loganair: UK-based regional airline operating scheduled passenger and charter services across Scotland, the UK, Ireland, and nearby regions. Comparable in fleet size (regional aircraft), underserved/island route focus, and public-service contract exposure.
• DAT (Danish Air Transport): Danish regional carrier offering scheduled regional flights, charter, and wet-lease services across Northern Europe. Similar dual passenger/ACMI revenue model and regional jet operations.
• Luxair: Luxembourg's flag regional carrier offering scheduled European routes, charter, and cargo services. Comparable scale, fleet size, and European regional scheduled service orientation with some charter diversification.
• Aurigny Air Services: Channel Islands regional airline operating scheduled services under government license, with charter and freight capacity. Comparable in operating model (small regional fleet, island/PSO exposure, charter diversification) and is partially government-linked.
• Binter Canarias: Spanish regional airline connecting the Canary Islands with inter-island scheduled flights and mainland Spain routes. Closely mirrors Air Nostrum's Balearic Islands and Melilla model (island connectivity, resident discounts, PSO-style routes) within the same Spanish market.
• Sun-Air of Scandinavia: Danish regional airline operating as a British Airways franchise from Denmark, with scheduled regional flights and wet-lease services. Near-identical franchise-with-major-carrier model and dual passenger/charter revenue streams.
• Eastern Airways: UK regional airline providing scheduled passenger services, charter, and wet-lease (ACMI) to other operators. Comparable on dual passenger + ACMI business model and European regional focus.
• CityJet: Irish-based regional carrier that has operated wet-lease and scheduled regional services under franchise/wet-lease arrangements for Air France, SAS, and other majors. Highly comparable on franchise wet-lease model and European regional positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/airnostrumlam
• YouTubeyoutube.com/channel/UCd7b7MhCC19lzc0ILDhfi0A
• Facebookfacebook.com/airnostrum
• LinkedInlinkedin.com/company/air-nostrum
• Instagraminstagram.com/airnostrum

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Air Nostrum