Aigle Azur Supports Two Offers To Save The Bankrupt Company

French bankrupt Aigle Azur’s work committee is tentatively going to accept two of the 14 offers that were made for buying the company and recovering its business.

The two offers were made by the former General Manager of Hop, a branch of Air France group, Lionel Gérin, and a shareholder of Aigle Azur, Gérard Houa, before holding the commercial hearing of the company’s bankruptcy case in the French court of Evry on Monday.

A syndicalist told the French newspaper “Le Figaro” that the study of the submitted offers resulted in the acceptance of two offers initially, especially as the company suffers from a difficult financial situation, prompting it to abruptly cancel its flights without even compensating the passengers or even guaranteeing scheduled flights.

In the court will decide to liquidate the company, the offer of “EasyJet” has a preference compared to the offer “Air France” according to the judicial administrator of Aigle Azur.

“EasyJet made an offer for recovering the company’s business with about five or six aircraft and its crew, while Aur France offer was partial”.

Aigle Azur employs around 1,150 people, including 800 in France and 350 in Algeria, and owns 11 aircraft. The company carried 1.88 million passengers in 2018 and achieved a turnover of 300 million euros. The Algerian market accounts for 60% of its flights. It is the market that the company “Air France” aspires to obtain.