Aigle Azur cancels all flights from tomorrow

posted on 6th September 2019 by Justin Burns
Aigle Azur cancels all flights from tomorrow

The last flights operated by cash-strapped French carrier Aigle Azur will take to the sky today (6 September) after the airline filed for bankruptcy.

The carrier said owing to the French civil aviation authorities and the bodies of the judicial recovery procedure, Aigle Azur, which is in great economic difficulty, is “obliged” to cancel all flights from tomorrow (7 September).

Aigle Azur said: “The financial situation of the company and the resulting operational difficulties make it impossible to ensure flights beyond the evening of 6 September.

“As of 7 September, 2019, regardless of the departure airport, Aigle Azur flights are cancelled.”

Aigle Azur is now looking to sell a full, or partial stake to potential buyers, following a six to eight week period.

The airline is headed by CEO Frantz Yvetin, is back in control following a coup by minority shareholder Gerard Hua. Yvetin is supported by China’s HNA Group, who holds a 49 per cent stake, along with David Neeleman, who holds a 32 per cent stake.

Aigle Azur is based at Paris Orly Airport and flies a fleet of 11 Airbus aircraft to domestic and international destinations.