Saturday 1 October 2016

CityJet buys Bombardier aircraft

Published 03/10/2015 | 02:30

Cityjet boss Pat Byrne
Cityjet boss Pat Byrne

Dublin-based CityJet is to start flying Bombardier's CRJ regional aircraft after acquiring the planes from another unidentified customer.

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Bombardier said yesterday that an unidentified customer has signed a firm purchase agreement for eight CRJ900 aircraft and options for an additional six. The firm agreement signed by Bombardier and its customer is valued at approximately $369m USD. The value could increase to $651m USD if all options are exercised.

CityJet will acquire the planes and then lease them to Sweden's Scandinavian Airlines, with crews and maintenance.

Pat Byrne, CityJet executive chairman, said the aircraft's lower operating costs and outstanding operational flexibility were key factors in the decision to acquire them.

"As a long-time regional operator for some of Europe's finest airlines, we are pleased to add SAS to our list of distinguished customers," he said.

Irish Independent

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