City Star sister firms ‘to be sold’
03.03.08
Two sister companies of collapsed City Star Airlines are on the brink of being sold, it has been reported. City Star's bosses are said to be negotiating the sale of Aberdeen Airport based businesses Caledonian Airborne Engineering and City Star Handling to Loganair, which operates throughout the Highlands.
A 'source' told the Press and Journal newspaper that a deal could be struck this week, however City Star managing director Runar Arnason denied that any discussions were taking place and no one at Loganair was available for comment.
CAE provides maintenance and ground-handling for a number of commercial aircraft operators at Aberdeen and Newcastle airports. It was acquired by City Star Holdings, the Aberdeen-based airline's Icelandic parent, last year to take the failed airline's engineering in-house and provide the services for other airlines. It employs around 40 people at a hanger at Aberdeen Airport.
Loganair was said to be looking to buy City Star's ground-handling business at the north-east gateway. The P&J source yesterday said the company's six ground-handling staff did not get the pay they were expecting this week. It says: ‘They have been told they will get nothing until next week. They have threatened to walk out and will almost certainly be doing so if the business is sold to Loganair, because they want it to remain independent.’
However, Runar Arnason said there was no deal about to be struck, adding: ‘We are not selling these businesses.’
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