CityJet sale set to help airline grow

CityJet founder Pat Byrne has said the airline’s transformation will be helped by greater access to credit after sealing a deal to buy the airline from its German owner, with the help of investors.

Intro Aviation, the German company which bought CityJet from Air-France KLM in a bargain deal in 2014, has agreed to sell the airline to Mr Byrne and “an experienced” group of investors for an undisclosed fee.

The sale is understood to give Mr Byrne a considerable minority shareholding in the company — something he has welcomed having guided the company since returning as chairman in February 2015.