Air Foyle buys CityJet

London Luton-based Air Foyle has bought a controlling stake in Dublin-based CityJet for over US$6.8 million. Both airlines are BAe 146 operators, with Air Foyle flying eight series 200QTs and 300QT freighters on behalf of TNT and CityJet flying seven series 200 passenger aircraft on its own routes and on behalf of Air France. Despite this commonality, CityJet and Air Foyle do not plan to combine services. For CityJet, this is the latest of a series of matches with other carriers. An agreement by Australian airline National Jet Systems (NJS) to acquire CityJet fell through earlier this year. This deal would apparently have led to development of an Italy-based BAe 146 British Airways franchise operation. Earlier, CityJet had been part-owned by Swedish airline Malmö Aviation, who had helped rescue the Irish carrier from bankruptcy. The two airlines parted ways in late 1997 following disagreement over business plans. Even earlier, CityJet had begun life operating codeshare services for Virgin Atlantic.

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