Thursday, June 21, 2012

Air France-KLM considering to sell CityJet

CityJet at London City Airport
Air France-KLM is considering to sell its Irish loss-making subsidiary CityJet. Air Frace-KLM acquired the airline in 2000. CityJet operating mainly services across France, Ireland, Belgium, Great Britain and the Netherlands and is one of the biggest operators on London City Airport. CityJet is making losses for years. Therefore Air France-KLM considers to sell CityJet. Air France-KLM has debts about 6.5 billions euro and is at present restructure its business. CityJet made losses about 25 millions euro in the first three months of 2012.

The airline currently operates a mixed fleet of Avro RJ85 and Fokker 50. The airline have a large number of slots at London City Airport, making it an interesting takeover candidate for other companies.

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