Originally Posted by
EI-BUD
So lets say AF KLM was successful, would this be an opportunity for Cityjet to operate the domestic ex LHR and not EI as previous hinted? A return to Virgin Atlantic by Cityjet!!
May give a life line to Cityjet.? I am not so confident that AF KLM is the right partner 1. I sense that it will be similar scenario as LH + bmi, 2. Don't AF KLM have enough of their own worries to deal with now financially, rather than investing in VS.
In answer to your first question: no. CityJet has the wrong fleet and in any event AF is moving forward rapidly on offloading them (short listed buyers already in the data room).
Second, if you look at the proposed VS deal structure, Delta would be doing the heavy lifting in terms of buying 49% of VS - AFKL would theoretically only need to acquire a couple of percent. AFKL do indeed have their own worries, but nor can they afford to put strategy on hold while they sort out their house.
And in any case the announcement about VS/EI should appear in the next couple of days.