CityJet Awarded CAPA Regional Airline Of The Year
This award is presented to the regional airline that has been the biggest standout strategically, has established itself as a leader, and demonstrated innovation in the regional aviation sector.
CityJet was selected for its successful strategic transformation that has resulted in its emergence as Europe’s leading third party provider of regional airline capacity under ACMI arrangements.
CityJet was a loss-making franchise operator and also had a spell as a scheduled regional operator under its own brand before adopting the ACMI model 2017. Its airline customers now include Brussels Airlines, SAS, Air France and Aer Lingus.
CityJet also has emerged as a leading consolidator in the European regional airline market, having acquired Blue1 in 2015 and Cimber Air in 2017, both from SAS. In Jul-2018, CityJet pursued further consolidation by announcing a proposed merger with Air Nostrum that would create Europe’s largest regional airline.
“CityJet has very astutely pioneered a new vision of regional airline operations in Europe, focusing on third party wet leasing to offset revenue risk and driving consolidation in pursuit of greater efficiency,” Mr Harbison said.