CityJet in sale/leaseback deal with Falko

Irish airline CityJet has announced that is has signed a sale/leaseback deal covering seven of its Avro RJ85s with Falko Regional Aircraft. The move is part of the airline’s restructuring following its acquisition by Intro Aviation last year. As part of this effort, CityJet has also sold its VLM subsidiary, which it had acquired in 2008, to its management. The move has left CityJet with a fleet composed entirely of Avro RJ85s, for which is evaluating possible replacements.

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