CityJet aims for profit by 2017
CityJet is aiming to turn a profit by 2017, but is remaining silent on reports that it plans to make further acquisitions. “The company was heavily loss-making, but that situation is not going to continue. We’ll turn into profit certainly in 2017, if not in 2016,” CityJet CCO Cathal O’Connell said. CityJet, which is active in scheduled flying, wet-lease work and ad-hoc charters, has been through several transitions over the last few years. In Oct 2015, CityJet announced plans to acquire 100% of Finland-based Blue1 from SAS. The carrier has since been linked to 2 potential acquisitions—UK regional Stobart Air and less solidly to Danish regional Cimber—but O’Connell declined to comment on these reports. Over the past year, CityJet has swelled its headcount from 510 to 850 staff. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-10-18/unaligned/cityjet-aims-for-profit-by-2017
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CityJet aims for profit by 2017
CityJet is aiming to turn a profit by 2017, but is remaining silent on reports that it plans to make further acquisitions. “The company was heavily loss-making, but that situation is not going to continue. We’ll turn into profit certainly in 2017, if not in 2016,” CityJet CCO Cathal O’Connell said. CityJet, which is active in scheduled flying, wet-lease work and ad-hoc charters, has been through several transitions over the last few years. In Oct 2015, CityJet announced plans to acquire 100% of Finland-based Blue1 from SAS. The carrier has since been linked to 2 potential acquisitions—UK regional Stobart Air and less solidly to Danish regional Cimber—but O’Connell declined to comment on these reports. Over the past year, CityJet has swelled its headcount from 510 to 850 staff. <br/>
