SAS sells domestic airline to CityJet
SAS says it will sell Cimber, the Danish domestic airline it acquired in Feb 2015, to Irish regional airline CityJet. The airline said Tuesday that the divestment of Cimber, which includes the sale of 11 Bombardier CRJ900 aircraft, "is part of the simplification of the SAS production platform." It added that once the transaction is completed Jan 31, CityJet will place an order for up to 10 new CRJ900s, which will be wet leased to SAS. SAS said "smaller traffic flows are managed by partners," describing CityJet as a "strategic partner" that already operates 8 CRJ900s for SAS. The company said the divestment "will have a negative nonrecurring effect on earnings of US$2.3m during Q1 of 2016-2017." <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-25/star/sas-sells-domestic-airline-to-cityjet
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SAS sells domestic airline to CityJet
SAS says it will sell Cimber, the Danish domestic airline it acquired in Feb 2015, to Irish regional airline CityJet. The airline said Tuesday that the divestment of Cimber, which includes the sale of 11 Bombardier CRJ900 aircraft, "is part of the simplification of the SAS production platform." It added that once the transaction is completed Jan 31, CityJet will place an order for up to 10 new CRJ900s, which will be wet leased to SAS. SAS said "smaller traffic flows are managed by partners," describing CityJet as a "strategic partner" that already operates 8 CRJ900s for SAS. The company said the divestment "will have a negative nonrecurring effect on earnings of US$2.3m during Q1 of 2016-2017." <br/>
