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SAS enters deal to sell Cimber

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Agreement also covers sale of 11 CRJ900s
SAS has signed a deal for the sale of Cimber A/S to CityJet and the sale of 11 Bombardier CRJ900 aircraft. It says the divestment is part of a strategy to use strategic partners, so-called wet lease, in smaller traffic flows and regional traffic.
When the transaction is completed as planned on January 31, CityJet will place an order for up to ten completely new CRJ900s, which will be also used in wet lease for SAS.
SAS bought Cimber, a wholly owned Danish regional airline, in February 2015 with the aim of achieving more focused and flexible regional operations. Cimber has since been making regional flights on behalf of SAS from its Copenhagen base using SAS-owned CRJ900s.
“The divestment of Cimber is in line with our strategy to simplify and focus on SAS’s own production platform,” explains Rickard Gustafson, SAS’s president and CEO. “Thanks to synergies between CityJet and Cimber, the production cost for Cimber production will be further reduced, creating the conditions to maintain and develop regional routes for the benefit of SAS customers.”
Pat Byrne, CityJet executive chairman: “This new SAS contract and growth delivered by the acquisition of Cimber Airways advances CityJet’s stated strategy of building its role as a provider of regional jet capacity to airlines across Europe and follows our successful inauguration of services on behalf of SAS in March 2016. We welcome the new staff members of Cimber Airways into the CityJet family, joining the 870 current employees, which already include almost 200 based in the Nordic region.”
TTG Nordic

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