Joint interim examiners have been appointed to Irish airline CityJet, following an emergency petition before the High Court on Thursday evening. It is the second time in five years the Irish airline has sought breathing space from its creditors due to the threat of insolvency. The winding down of a Lufthansa contract and airline leasing issues are among the “financial and logistical difficulties” facing CityJet, the court heard. The company is both balance-sheet and cash flow insolvent with a €38.5 million net deficit as of February 28, 2025. Overdue amounts to aviation lessor EDC for March and April 25 can’t…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .