Air France (AF, Paris CDG) says it has received a firm offer from Germany's Intro Aviation GmbH to purchase CityJet (WX, Dublin Int'l) and its Belgian subsidiary, VLM (1992) (VG, Antwerp). No purchase price was disclosed. In a statement issued to the press, the companies said the offer “provides for ongoing commercial co-operation with Air France (AF, Paris CDG) as part of a new industrial plan”. Employees will be informed and consulted prior to the deal's closing, set for the first quarter of 2014. Since its acquisition by Air France in 2002, Cityjet has struggled to turn a profit; a direct consequence of LCC carriers such as Ryanair (FR, Dublin Int'l) and easyJet (U2, London Luton). As a result, despite being put up for sale in 2012, Air France has struggled to find any willing buyers for Cityjet with the exception of Intro Aviation. Owned by businessman Hans Rudolf Wöhrl, Intro is a turnaround specialist whose past successes include the acquisition, restructuring and resale of Deutsche BA (DI, Munich) from British Airways (BA, London Heathrow) to Air Berlin (AB, Berlin Tegel) in 2003/4. Intro currently also owns a 49.8% stake in Austrian regional carrier InterSky (3L, Friedrichshafen).