Originally Posted by
oliver2002
Here's another source, not behind a paywall:
The most recent set of accounts for Cityjet, which are now out of date, showed its total liabilities exceeded assets by €18.2 million at the end of 2022, with accumulated losses of €476.8 million having built up there by that stage. The net deficit has since grown to €38.5 million, the court heard.
Source:
https://www.irishtimes.com/business/...ers-called-in/
Notice how XFly tipped into bankruptcy when SK dumped them last year. Now CityJet is in trouble again. Flying CRJs for SK is clearly not a good game to be in.