Air Foyle sells CityJet stake to Air France

Air France has purchased Air Foyle‘s stake in Irish Airline Cityjet. Air Foyle had acquired a controlling stake in CityJet in April 1999, with Air France also taking a 25% stake at the time. The deal gives Air France complete control of the Irish airline, which will continue to be operated as a separate subsidiary. CityJet CEO Pat Byrne has relinquished his position and been appointed Chairman of the Board, with Chief Operating Officer Jacques Bankir taking over the CEO position. CityJet operates six BAe 146s.

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