Air France Said to Prefer Intro Aviation as CityJet Buyer
This article is for subscribers only.
Air France-KLM Group has reached a preliminary agreement to sell its CityJet regional airline to German turnaround specialist Intro Aviation GmbH, three people familiar with the process said.
A decision on the sale still depends on final due diligence, and an agreement may be reached within a month, said one of the people, who asked not to be identified because the process is private. Air France KLM spokeswoman Brigitte Barrand had no comment, and Peter Oncken, managing director of Intro Aviation, declined to comment.