Air France

CityJet sold to Intro Aviation

Air France-KLM announced that it has accepted Intro Aviation’s offer to buy CityJet and VLM. Intro Aviation made a firm offer to Air France-KLM for CityJet and VLM just before Christmas 2013. The deal was signed on 28 March, and the sale should be formally completed in April. CityJet will continue […]

Intro Aviation to buy CityJet

Air France has reached an agreement to sell its CityJet subsidiary to Intro Aviation. Under the agreement, which is expected to close in the first quarter of 2014, Intro will pay an undisclosed sum to take over CityJet, as well as its subsidiary VLM. Cooperation with Air France would continue. Although details of what […]

Negotiations for CityJet revived

Irish newspaper The Independent reports that Air France‘s negotiations with Intro Aviation for its CityJet subsidiary, which had apparently stalled a few months ago, have resumed. The paper reports that Air France’s may have agreed to pay off CityJet’s debts in an effort to break the impasse. CityJet has been losing money since 2007; in […]