Air France reportedly aims to shortlist two preferred bidders for CityJet by the end of Mar-2013, according to a report from The Irish Times. 10 groups have reportedly shown an interest in the airline after Air France appointed Key Capital last year to advise on potential investors for its subsidiary. Six of these were subsequently given access to CityJet’s future business plan, including its aircraft fleet, its network out of London City airport, its wet-lease operations for Air France and its charter business. The offers are for the entire business, including the CityJet name. Air France spokeswoman Brigitte Barrand said: “The Air France KLM Group is studying different options for CityJet as indicated in the past".
Air France to shortlist two preferred bidders for CityJet by end of Mar-2013: report
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Air France-KLM's 2016 operating margin was its highest since before the global financial crisis, but remained below its pre crisis peaks and well below the rest of the world airline industry in what was almost certainly a new record year for global margins. Within the group, KLM's margin improved and was again higher than that of Air France, whose margin fell.
The planned new lower cost airline to be based at Paris CDG as a subsidiary of Air France, announced in outline in 2016 under the project name 'Boost', will now include medium haul in addition to long haul routes. This will be vital to setting it back on a path to sustainable profitability – if agreement can be reached with pilot unions to launch it. Even then, its scope and low cost ambitions will be limited.