CityJet acquires SAS subsidiary Cimber A/S

CityJet reported the acquisition of Cimber A/S, the Copenhagen-based subsidiary of SAS (Scandinavian Airlines) and has won a major six year wet lease contract from SAS to operate regional services from Copenhagen, Denmark. CityJet’s current wet lease contract with SAS will increase from three years to six years and the Irish airline has also placed an order for up to 10 new CRJ900 jets. The acquisition of Cimber and the wet lease contract come into effect from January 31st, when CityJet will take control of Cimber and will continue to operate its Copenhagen network on behalf of SAS using Cimber’s current fleet of 11 Bombardier CRJ900 aircraft. Also on this date, CityJet will confirm an order for up to 10 new CRJ900s, which will be used in wet lease production for SAS and to replace the current Cimber A/S aircraft during 2017 and 2018. Cimber A/S operates services on behalf of SAS to more than 30 European destinations. CityJet’s existing wet lease contract with SAS, under which it operates eight CRJ900 jets based in Stockholm and Helsinki, has also been extended to a six year agreement. This fleet will increase to 12 CRJ900 aircraft in March 2017 with the delivery of four additional aircraft ordered in 2016.