Paris (AFP)
Aigle Azur has received 14 offers of recovery, which are to be improved and "are not executable as they are", said Monday the airline at the end of an extraordinary works council (EC) started in the afternoon.
The judicial administrator of Aigle Azur has received "14 expressions of interest mainly for isolated assets", but also for "more comprehensive recovery projects", said the company placed in receivership, in a statement at the end of evening.
"These offers of recovery of the company are all perfect and are not executable in the state," the source said.
"Their industrial seriousness and their financing will have to be confirmed in the deadlines," the company said. The members of the EC must decide Wednesday evening on the offer that seems to best meet the interests of the company and its employees.
"With the organs of the procedure, the judicial administrator will now try to put these offers in order to reach a disposal plan," according to Aigle Azur.
The commercial court will have to decide on the future of the company during a hearing next Monday, the company confirmed in its statement Monday night.
Earlier Monday, Air France, which had been mentioned in recent days as potential buyer, had told AFP have submitted an offer, without giving the content. Other companies, such as the Dubreuil Group, the majority owner of Air Caraïbes, have also indicated that they have submitted an offer, without disclosing the details either.
In bankruptcy and having had to stop all flights last Friday, the company is in such a financial stalemate that it can neither financially compensate its customers, nor even ensure the repatriation of travelers whose return flight has been canceled.
With its 11 aircraft, Aigle Azur carried 1.88 million passengers in 2018.
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