Air France gets bid for CityJet from Intro in regional revamp
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[TOULOUSE] Air France- KLM Group has received a firm offer for unprofitable regional operator CityJet from German turnaround specialist Intro Aviation GmbH as Europe's biggest airline seeks to streamline short-haul operations.
The planned sale of the No 1 carrier at London City airport should close in the first quarter of 2014, Paris- based Air France said in a statement last Friday. The offer price for a deal that includes VLM Airlines of Belgium was not disclosed.
The transaction will include an agreement "for ongoing commercial cooperation" between the companies, Air France said, adding that labour groups will be consulted.
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