Hundreds of employees of XL Airways were gathered Wednesday afternoon before the Commercial Court of Bobigny which was examining the fate of the airline in bankruptcy and whose flights are interrupted since Monday.
Resumption or liquidation
The CEO of the company Laurent Magnin was greeted with applause upon his arrival. When entering the courtroom of the court, the crowd of employees again applauded long before chanting "XL, XL, XL". Monday, the company, placed in bankruptcy on September 23, announced the cancellation of all its flights, two days before this hearing which must evaluate a possible recovery or decide a liquidation.
XL Airways has been the subject of "several marks of interest supported," said Saturday, the deadline for submitting offers, his lawyer Laurent Coltret, noting, however, that they were facing funding problems. Tuesday, the CEO of XL Airways has requested the intervention of the Public Investment Bank (BPI) in an open letter to the Director General of this organization Nicolas Dufourcq to whom he asked to receive it to discuss "the capacity of the BPI to provide the necessary funding for the preservation and sustainability of society ".
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"In exchange for what BPI France would naturally become the reference shareholder of the company for a time.The debate is not to have you as a shareholder in the long term, but to conquer again with your help," he added. in this letter also sent to the media. XL Airways employs 570 people and in 2018 transported some 730,000 passengers with four Airbus A330s, all leased. It mainly serves North America, including the United States, the Caribbean and Reunion, but also China.