XL Airways, placed September 23 in receivership, interrupts its flights from Monday, 15 hours, pending a decision of the Commercial Court of Bobigny, Wednesday, October 2, on a possible recovery, announced the company Aerial.
"XL Airways is extremely saddened to inform passengers and customers that it is no longer able to operate its flights as of today (30 September 2019) at 3 pm This decision involves the suspension of all operations pending "the court's decision, explained the company in a statement.
"It is clear that the current market conditions are no longer met to ensure a sustainable operation of the company," said XL Airways.
>> To read: Aigle Azur and XL Airways: hecatomb at the French airlines
The insolvency administrator had received several marks of interest but no firm offer of resumption on Saturday noon, the deadline at which the buyers had to make themselves known to the insolvency administrator.
XL Airways lawyer Laurent Cotret told AFP on Saturday afternoon that he was "still too early at this stage to know if any of these signs of interest (will) come from here. at the hearing ".
XL Airways said in its statement not to have been "able to find the investor capable of accompanying the continuity and development" of the company that has been "a great success, until (she) is hard hit by ruthless competition with no binding rules of the same order as ours ".
Multiplication of aid calls to Air France-KLM
"For the last three years, it has been the most attacked company by incredibly unprofitable foreign competitors who have been supported by their states for a long time, and it is now clear that we can no longer fight with the means that we have," she added. .
CEO Laurent Magnin in recent days spoke of the competition "unbridled" low-cost long-haul Norwegian company or the weight of taxes and social charges in France.
He has also multiplied calls for help to Air France-KLM, but without success. On Friday, Air France-KLM leader Benjamin Smith dismissed the idea of taking over the troubled company, saying he saw "no profit" for his company in such an operation.
Evoking the "suffering of the French flag" after the liquidation of the company Aigle Azur, XL Airways hoped Monday "that all French actors, political and industrial will mobilize to meet unbridled competition in a consolidated pavilion and resistant".
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.
With AFP