Air France (AF, Paris CDG) and partner KLM Royal Dutch Airlines (KL, Amsterdam Schiphol) say they have accepted a firm offer from Germany's Intro Aviation GmbH for the purchase of CityJet (WX, Dublin International) and its subsidiary, VLM (1992) (Antwerp).
Air France and CityJet will pursue their commercial co-operation as part of a new industrial plan which will involve the launch of Cityjet-branded flights from London City to various European destinations. In addition, Cityjet will continue to operate flights on behalf of Air France out of Paris CDG.
The closing of the transaction for the CityJet shares should take place in April 2014.
Intro Aviation says among its most urgent requirements will be the upgrading of Cityjet's outdated fleet of ARJ-85s and VLM's Fokker 50s.
