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.
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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
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