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CAPA Live Transcript: CityJet well positioned for the demand spike


Analysis
Before COVID-19 CityJet had wet lease agreements with five airlines, but four of those evaporated, leaving just SAS, with whom CityJet had a mutual dependency as they were responsible for an enormous proportion of SAS’ regional network.
The airline went through a process in Ireland called Examinership, unique in the EU, which is like chapter 11 except in the US chapter 11 is more creditor-driven; examinership is more possession-driven.
The airline wants to continue with the wet lease model, but could also consider a franchise or quasi-franchise model.
CityJet is looking to obtain a UK AOC to protect against some potential restrictive rules that may be coming in. ....

United States , United Kingdom , Bruxelles Capitale , Virgin Cityjet , Michael Oleary , Conor Mccarthy , Patrick Byrne , Richard Branson Virgin , Air Nostrum , Aer Lingus , Air France , Brussels Airlines , Old Testament , North America , North American , Richard Branson , Michaelo Leary , Crj 900 , Emerald Air , Virtual Airline , Covid 19 , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , ப்ரூக்ஸெல்ஸ் தலைநகரம் , மைக்கேல் ஒலோரி , கோனார் ம்க்கார்தீ ,