Not exactly correct. Connectair was sold to ILG (in 1988) and was rebranded Air Europe Express. However during that ownership period in, I think, 1990, Connectair was merged into Air Europe and there was no longer a separate Connectair AOC. In 1991 CityFlyer Express was started from scratch (originally under the name Euroworld). As I said earlier, CirtFlyer Express was profitable every year except year one. All ancient history now.