CityJet (Dublin) and its subsidiary VLM Airlines will be sold by AirFrance-KLM to Intro Aviation. Air France-KLM on March 28 agreed to accept the offer from Intro Aviation. The new owners are expected to take control in about four weeks. CityJet (Air France by CityJet) will continue to fly for Air France.
Air France-KLM issued this short statement:
On March 28, 2014 Air France accepted the firm offer received in December 2013 from Intro Aviation GmbH to purchase CityJet and its VLM subsidiary. The closing of the transaction for the CityJet shares should take place in April 2014.
Air France and CityJet will pursue their commercial co-operation as part of a new industrial plan which foresees, in particular, the development of flights under the CityJet brand on departure from London City to European destinations, and CityJet continuing to operate flights on behalf of Air France on departure from Paris-CDG.
The announcement of this future sale is important for the staff of CityJet and VLM. One of the aims of the operation is to set the conditions for a new long-term development for the company and its staff.
Copyright Photo: Paul Bannwarth/AirlinersGallery.com. CityJet’s BAe RJ85 EI-RJG (msn E2344) lands at EuroAirport in Air France colors.
CityJet (Dublin and London-City) is currently owned by the Air France-KLM Group and is for sale. As previously reported, last month the group announced Intro Aviation GmbH, of which Hans Rudolf Woehrl is a co-founder, made an offer pending finalization to acquire CityJet as well as its subsidiary VLM Airlines. The deal is expected to close in this quarter.
Now German aviation investor Hans Rudolf Woehrl says he wants to merge CityJet with InterSky Lufthfahrt (Bregenz, Austria and Friedrichshafen, Germany) according to this report by Reuters. Intro Aviation controls 74.9 percent of the InterSky stock.
Woehrl wants the merged new carrier to serve regional routes that will not upset the major carriers.
Top Copyright Photo: Pepscl/AirlinersGallery.com. CityJet operates most of its flights for Air France. It is unclear if the Air France relationship will survive the sale and merger. BAe RJ85 EI-RJH (msn E2344) taxies at Charles de Gaulle (CDG) hub near Paris.
Air France by CityJet:
Bottom Copyright Photo: Andi Hiltl/AirlinersGallery.com. InterSky operates three Bombardier DHC-8-300s(Q300) and two ATR 72-600s. InterSky’s ATR 72-212A (ATR 72-600) OE-LIB (msn 1038) lands at Zurich.
InterSky’s seasonal and regular routes from Friedrichshafen: