CityJet (WX, Dublin International) has confirmed that it is seeking advice from its auditors Deloitte and other finance companies about how to navigate its way through the coronavirus crisis, The Irish Times has reported.
The Irish ACMI/charter specialist primarily operates short-haul services under contract to other European carriers such as Aer Lingus, Brussels Airlines, and SAS Scandinavian Airlines, which have grounded the majority of their fleets.
Cityjet is now reviewing the entirety of its activities and speaking to “external agencies and stakeholders in relation to guidance and support during this period, including our auditors, Deloitte,” according to The Irish Times.
The company recognises, it added, the importance of receiving advice from its stakeholders and auditors about “navigating its way through this difficult period of inactivity” as well as on preparing to restart operations when the time comes.
Since 2016, when CityJet was bought by founder Pat Byrne and other investors, the airline has shifted away from operating its own scheduled services to wet leasing. But amid the current crisis, it has temporarily laid off most of its 1,200 employees and put the brakes on a planned merger with Air Nostrum (YW, Valencia Manises) to create Europe's biggest regional carrier.
Its fleet of twenty-eight CRJ900s and five ARJ-85s are currently stored, the ch-aviation fleets module shows.
