Air France-KLM: Planned disposal of CityJet
28-Mar-2014 On 28th March 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.