CityJet chief executive quits following refinancing

The boss of Dublin-based CityJet, Christine Ourmières, has stepped down just over a month after the carrier completed a refinancing.

The reasons for chief executive Ourmières’s abrupt departure remain unclear, with no one from CityJet available for comment.

CityJet announced the sale and leaseback of seven Avro RJ85 aircraft in January and said its restructuring plans were progressing ahead of schedule as trading conditions improved.

Ourmières had run CityJet since 2010 following a lengthy period at Air France. CityJet was a franchise carrier for Air France-KLM at the time.

The airline was acquired by the Intro Aviation group in May last year and run alongside Dutch-based carrier VLM.

CityJet said Ourmières had overseen “the organisation positively reshaped, with strong shareholders, improved financial position with a new board and management team in place”.

The airline said last month that restructuring was necessary due to its legacy of having been part of the Air France group which left it with an infrastructure which was “inappropriate” for a independent regional carrier.

CityJet runs a network of services from London City airport.

Announcing the completion of refinancing last month, Ourmières said: “Recent months have shown the determination of our management team and staff to embrace the challenge of reshaping the business to become an independent airline.

“We can now focus on delivering our customers a superior product and service which will support our improving trading performance.”

Sourced from Travel Weekly

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