Wednesday 23 October 2019

France’s second-biggest airline closes down

Aigle Azur had filed for bankruptcy last month.

The firm had filed for bankruptcy earlier this month (Peter Byrne/PA)
The firm had filed for bankruptcy earlier this month (Peter Byrne/PA)

By Associated Press Reporters

French airline Aigle Azur has closed down after it failed to find new investors, leaving 1,150 employees out of work.

France’s second-biggest airline, which was mostly operating between France and Algeria, had filed for bankruptcy earlier this month and cancelled all its flights.

A French commercial court on Friday ordered the company’s closure due to the lack of a sustainable offer from bidders.

Chinese conglomerate HNA Group is the company’s largest shareholder with a 49% stake.

Aigle Azur transported about 1.9 million passengers in 2018. It also had operated routes to Brazil, China, Russia and other countries in recent years.

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