Aigle Azur Investors Last-Minute Bid To Save XL Airways

posted on 4th October 2019 by Eddie Saunders
Aigle Azur Investors Last-Minute Bid To Save XL Airways

XL Airways which had been forced to halt operations could have a reprieve as there have been reports by French media outlets stating that former Aigle Azur shareholder Lu Azur is offering a €30 million injection to XL Airways.

The airline had been forced to halt operations on 30 September and originally stated that the suspension would continue until 3 October.

Lu Azur, previously a 20% shareholder of Aigle Azur, plans to rescue XL Airways by taking on approximately half of XL Airlines existing staff, along with two of its four-strong Airbus A330 fleet.

XL Airways operates out of Paris Charles de Gaulle and other French cities, concentrating its operations on US and Caribbean destinations.

“for the inconvenience this situation may have caused our valuable customers. Our teams are fully committed to working fully towards delivering our customers with our service” A spokesperson stated