Shareholders of proposed Spanish start-up Vueling Airlines have clarified the breakdown of their investment in the new airline, which plans to launch services on 1 July. European private equity group Apax Partners is the largest shareholder with a 39% stake, while a subsidiary of Spanish communications firm Grupo Planeta, Inversiones Hemisfeiro, has 30%. Vueling's management team has 23%, and the remaining 7% is owned by a group of private investors, who include David Barger, president of US low-fare carrier JetBlue Airways. The airline plans to launch flights on 1 July from Barcelona and Valencia to Brussels, Paris, Ibiza and Palma de Mallorca using two 180-seat Airbus A320s.

Source: Flight International