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CityJet Prepares for Life After Air France With Own Airline Code

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Nov. 27 (Bloomberg) -- CityJet, the Air France-KLM Group unit that’s up for sale, is started operating with its own revenue system that will ease the split from the parent company, Chief Executive Officer Christine Ourmieres said.

The carrier, which uses London City airport as its hub, has begun flying under its own airline code rather than using Air France’s, she said at the CAPA World Aviation Summit in Amsterdam.

CityJet has been for sale since September 2012 as Air France revamps regional operations to end years of losses. Europe’s largest carrier has revived an exclusive agreement to sell the subsidiary to German turnaround specialist Intro Aviation GmbH, two people familiar with the plan said previously. Ourmieres would not comment on the deal with Intro.

“Being independent will allow us to have a brighter future,” Ourmieres said. “Our own financial processes are in place” to support independence, she said.

The use of a new “WX” code comes with CityJet starting the use of its own revenue accounting system, Ourmieres said. The code is being implemented for bookings on its own website and will take effect in global reservation systems from April, she said.

To contact the reporter on this story: Robert Wall in London at rwall6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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