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Wed 01 Jan 2009CityJet loses €16.2m despite 12.4% rise in turnover

CITYJET REPORTED a loss of €16.2 million in the year to the end of March 2008 in spite of a 12.4 per cent rise in turnover.

This was a significant reversal in fortune for the Swords-based airline, which is wholly owned by Air France-KLM, given that it reported a profit of €23.5 million in the year to the end of March 2007.