CityJet restructure ‘ahead of schedule’

CityJet used to be part of Air France
CityJet used to be part of Air France

CityJet’s restructure is said to be ahead of schedule after now independent airline completed a refinancing programme.

The Dublin- based carrier has agreed the sale and leaseback of seven Avro RJ85 aircraft and has seen continued improved trading since breaking away from previous owner Air France.

Restructuring commenced in the autumn to create a ‘sustainable and competitive cost base and corporate infrastructure’.

Christine Ourmières, CityJet CEO said: “The recent months have shown the determination of our management team and staff to embrace the challenge of reshaping the business to become an independent airline.  We can now focus even more on delivering our customers a superior product and service which will support our improving trading performance.”

CityJet was taken over by Germany-based Intro Aviation in May 2014 and has since signed a deal with Travelport to distribute its fares.

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