The 1150 employees of Aigle Azur are in shock. They received, on Thursday evening, a press release of the two administrators, the orders since the placement into receivership of the company, in the beginning of the week. “The financial situation of the company and the operational difficulties resulting from it would not allow flights beyond September 6 in the evening,” explains the press release.
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“We would like to tell you that the search for buyers continues and marks of interest have already been received by the organs of the procedure. As a further development of the observation period, the salaries continue to be paid at 100%”. Concretely, the employees no longer have to hold their function. “The aircraft will be parked at various airports (including paris Orly and Châteauroux). They will be gradually repositioned during flights of the conveyor to empty in the next few days”.
The press release mentions a “suspension” of the activity, but the chances of review steal the company Aigle Azur, a very present between France and Algeria, are non-existent. The “great economic hardship” of the company, mentioned in the press release, does not operate the flights longer.
The 1150 employees in shock.
Monday at noon, the takeover offers have been received. According to our information, no buyer is interested in the overall activities of the company. The candidates, Air France, Air Caraïbes and Vueling – has its eyes on the other hand, the valuable slots at Orly, and may commit a proportion of employees to their conditions.
The two administrators have discovered financial situation is hopeless, that the direction of Aigle Azur had too long denied. Today, the prospective buyers do not even have access to a “data room”, that is to say, to accounts of the company. The liabilities will reach 70 million euros, to 300 million in sales in 2018. The salaries of the month of August have not been paid by Aigle Azur. They have been supported by the guarantee scheme wages and salaries (AGS). Those of September are expected to suffer the same fate.
The company does not warrant compensation
In its press release, Aigle Azur has also warned its customers to make a return flight to the beyond on Friday that they would be “forced to purchase another return ticket”, while stating that “the financial situation of the company does not guarantee compensation, the procedures that will be instituted by the organs of the procedure to that effect”. The French company called ” the duped customers to “assert your rights and claims from the legal Representatives”. To help in the process, the legal representatives make available a dedicated website.
in addition, the passengers to complete a flight before the evening of Friday 6 September are invited to check on this tab if their flight is well-maintained.
