Air France-KLM Group wants to narrow the number of bidders for its CityJet unit to two by the end of next month after whittling down the group of possible suitors to six from 10, according to a person with knowledge of the talks.
The offers are for the entire business, including the CityJet name, said the person, who asked not to be identified. The Paris-based company wants to have one financial bidder and another from the aviation industry on its shortlist, the person said. “The Air France KLM Group is studying different options for CityJet as indicated in the past,” spokeswoman Brigitte Barrand said.
– (Bloomberg)
