CityJet is to concentrate on SAS wet-lease with 15 CRJ-900 aircraft under a long-term agreement, investor Lars Thuesen has confirmed.
Mr Thuesen acquired a 92pc stake for €3.2m with a rescue plan of €38m to €40m, which will preserve 79 of 122 jobs in Dublin with up to 17 new jobs in a Danish subsidiary. Cityjet founder Pat Byrne is to stepn down under the arrangement.
Dublin’s High Court confirmed the scheme three weeks ago, despite SARA opposition, after the airlines lost a contract with Lufthansa worth €13m. SAS is to increase its wet-lease fleet to 15 units worth €80m plus €1.5m immediate and €14.79m in price rises over three years and ofur months.
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