Privately held Aigle Azur was put under bankruptcy protection on September 2nd and eventually had to halt operations. Both Air France and EasyJet have expressed an interest in putting in rescue offers for Aigle Azur.
The decision to liquidate Aigle Azur
Last week 14 bids were received and one bidder soon withdrew. The Commercial Court of Evry explored the 13 bids as a first step to a solution. On Monday, September 16, it took a closer look at seven of them. The judges considered all of the bids as unsatisfactory. Therefore they ordered the liquidation of the bankrupt French airline, but at the same time postponed it for a few days.
Interested parties have until Wednesday evening at midnight to submit improved offers for Aigle Azur. The judges decided to carry out the liquidation on September 27th as the latest date, if no better offers arrive until then.
Secretary of State for Transport, Jean-Baptiste Djebbari, spoke of two recovery projects for Aigle Azur, first as a combined offer by Air France and Groupe Dubreuil, which runs the subsidiaries Air Caraibes Atlantique and French Bee, plus an offer from a competitor carrier later named by the French news agency AFP as easyJet.
“I am hoping that the offers will be improved,” Djebbari told FranceInfo radio.
Thousands of passengers are impacted
Aigle Azur was put under bankruptcy protection on September 2 and ceased operations four days later, stranding 19,000 passengers. Jean-Baptiste Djebbari said on September 8 that at that time, about 13,000 were stuck on either side of the Mediterranean Sea, 11,000 of them in Algeria. Air France has already chartered four flights, two per day. However, it will still take a few weeks to rescue passengers according to Djebbari.
“There are 13,000 passengers who bought their tickets and will need to be repatriated. Among them, 11,000 are in Algeria, six in Mali, then in Lebanon, in Moscow and in Senegal.” Djebbari stated.
Recommended for you:
- My Favorite Flights and Award Redemptions for 2017
- New IHG Rewards Club promotion – Spire Elite status and up to 15,000 bonus points
- Easy Southwest Companion Pass, easy 50,000 AAdvantage miles, Norwegian to start Rome – US flights, more cheap international roaming, Ryanair connection agreements, WoW Air 30% off and Waze expands carpooling
- Two great American Express credit card offers, fly to Cebu for just $362 RT, Emirates cancels (some) Maldives fares, Aeroplan now blocking redemptions on Swiss?, Singapore Airlines loss, Alaska adds more Mexico flights, Air Berlin starts Los Angeles form Berlin
- Virgin Atlantic Upper Class Review London Heathrow (LHR) – Los Angeles (LAX)
- Get 100,000 Bonus Membership Rewards points with The Business Platinum Card from American Express
- 50,000 American Express Personal Rewards Gold Card
- Save 50% on Flying Blue redemptions
- awesome AMEX spend bonuses, Copa Business Class goes lie-flat, Hawaiian launches Boston flights, will there be a new European LCC?, cheaper Singapore Airlines Business Class awards, Flying Blue now books Air Tahiti Nui
- Interview with Mark Beattie at boardingarea.com/milesfromblighty
About the author: Mila Kostic is a native of Belgrade, Serbia.
After majoring in sociology at the Belgrade University she has been working as tutor and coach.
Prior to taking on her role at Mighty Travels, she wrote for a video games, fitness, and health lifestyle website. After starting her work with the Mighty Travels team she discovered her passion for travel and travel writing. Now, she is focused on bringing you the newest travel news.
In her portfolio here at Mighty Travels, you can find articles on Airline news, hottest credit card deals, tips and tricks on earning miles and much more.
You can reach her at [email protected]
This post has been tagged with: Aigle Azur delayed liquidation | Air France | flights | improved | offer | offers
Don't miss - more topics from Mighty TravelsAAdvantage | Aegean Airlines | Aeromexico | Aeroplan | Air Canada | Air China | Air France | Air France/KLM Flying Blue | Air India | Air New Zealand | AirAsia | AirBnB | Airline Reviews | Alaska Airlines | Alaska Mileage Plan | Alitalia | American Airlines | American Express | American Express Membership Rewards | ANA | Asia Miles | Asiana Airlines | Avianca | Avios | Avis | Award Booking | Bank Bonuses | Best coffee | Best Rate Guarantee | Best Western | British Airways (BA) | Capital One | Cash Back Deals | Cathay Pacific Reviews | Chase Sapphire Reserve | Chase Ultimate Rewards | Cheap flights | Cheap Passport Photos | Cheap Visas | Checking Accounts/ Bank Bonuses | China Airlines Review | Choice Hotels | Choice Privileges | Citibank | Club Carlson / Radisson | Credit Card Deals | Currency Arbitrage | Delta Airlines | Delta Skymiles | Destinations & Inspiration | Emirates Reviews & Skywards | Error Fares / Mistake Fares | Etihad Reviews & Etihad Guest | Expedia Coupons | Fare Monitoring Service | Frequent Flyer Programs | Fuel surcharges | Getaround | Google ITA Matrix | Hainan Airlines | Hawaiian Airlines | HHonors | Hilton Honors | Hilton Hotels | Hotel Corporate Codes | Hotel Deals | Hotel Friends & Family Discounts | Hotel Loyalty Programs | Hotel Reviews | Hyatt | Iberia | IHG Rewards Club | Immigration & Airport Security | Immunization | Japan Airlines | Jetblue TrueBlue | Krisflyer | Lifemiles | Lounge Reviews | Low Cost Airlines | Lufthansa Miles and More | Malaysia Airlines | Manufactured Spend | Marriott Hotels | Mighty Travels Premium | Mileage Plus | Mistake Fares | Mountain Gorillas | Norwegian | Online Shopping Mall Deals | Orbitz Coupons & Deals | Priority Pass Lounges | Qantas | Qatar Airways | Radisson Rewards | Rapid Rewards | Ryanair | Saudia | Singapore Airlines | South African Airways | Southwest Rapid Rewards | Sri Lankan | StarHOT | StarwoodONE | ThankYou Points | Things to Do (City Guides) | TOP Travel Destinations | Travel Agent Rate | Travel Deals | Travel Insurance | Travel News | Travel Tech | Turkish Airlines Review | Uber | United Airlines | United Mileage Plus | World of Hyatt | Wyndham Hotels | Wyndham Rewards |