CityJet exercises options to buy four Bombardier aircraft

Deal valued at $467m brings number of CRJ900 aircraft in Irish airlines’s fleet to 22

This deal makes CityJet Bombardier’s largest European CRJ900 aircraft customer. Photograph: Getty Images

This deal makes CityJet Bombardier’s largest European CRJ900 aircraft customer. Photograph: Getty Images

 

Irish airline CityJet has exercised options to purchase four CRJ900 aircraft from Canadian manufacturer Bombardier Commercial Aircraft.

When delivered, the aircraft will operate under wet lease (which covers the hire of an aircraft including flight crew) for Scandinavian airline SAS. The order would be valued at about $467 million (€434 million) based on the list price of the CRJ900.

This deal makes CityJet Bombardier’s largest European CRJ900 aircraft customer. To round out the Irish connection, the aircraft’s centre fuselage and wing components are made at Bombardier’s facility in Belfast.

“We are delighted that the airline continues to put its confidence in Bombardier and its products,” said Ryan DeBrusk, vice president of sales in Europe, Russia and Commonwealth of Independent States for Bombardier Commercial Aircraft.

‘Extremely reliable’

This latest order brings the number of CRJ900s in CityJet’s fleet to 22. The airline’s executive chairman Pat Byrne said they had proved to be “extremely reliable and popular aircraft in our Nordic operations” on behalf of SAS.

Mr Byrne said it “further demonstrates” CityJet’s belief in the aircraft as a “key part” of our wet lease growth strategy.

Since early 2016, CityJet has taken delivery of 12 new CRJ900 aircraft – all of which it operates for SAS. In January 2017, CityJet acquired Cimber, a regional airline in Denmark and a former wholly-owned subsidiary of SAS, which operates a fleet of 11 CRJ900s. Most of these will be replaced by the new order.

CityJet was set up in 1993 by Mr Byrne. Based in Swords, it currently operates 10 routes from across Europe to London City, including from Dublin.

It also has a significant wet lease business, including on behalf of Air France and SAS, and operates a wide range of ad hoc charters on behalf of sports groups, the entertainment industry, tour operators and corporate customers.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.