CityJet’s regional wet-lease and charter subsidiary VLM Airlines is to be acquired by its management team, just months after its parent company was sold by Air France to Germany’s Intro Aviation. Belgian regional wet-lease provider VLM was created in 1993 as a scheduled airline, but ultimately shifted to wet-lease and charter work after being acquired by Air France-KLM’s Irish regional subsidiary CityJet in late 2007. However, in February Air France-KLM sold CityJet and VLM ...

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