CAPA Live Transcript: CityJet well positioned for the demand spike

Before COVID-19 CityJet had wet lease agreements with five airlines, but four of those evaporated, leaving just SAS, with whom CityJet had a mutual dependency as they were responsible for an enormous proportion of SAS' regional network.

The airline went through a process in Ireland called Examinership, unique in the EU, which is like chapter 11 except in the US chapter 11 is more creditor-driven; examinership is more possession-driven.

The airline wants to continue with the wet lease model, but could also consider a franchise or quasi-franchise model.

CityJet is looking to obtain a UK AOC to protect against some potential restrictive rules that may be coming in.

Talking at the CAPA Live on 13-Jan-2021, CityJet's CEO and Executive Chairman Patrick Byrne spoke with CAPA's Chairman Emeritus Peter Harbison. Some of the key highlights can be found below.