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Rytis Beresnevicius
Top 5 bankrupt airlines in 2019

While bankruptcies in the aviation industry is nothing new, 2019 saw several high-profile insolvency cases throughout the year, including such airlines as Jet Airways, WOW Air and Thomas Cook Airlines:...


Clement Charpentreau
XL Airways gets last-minute takeover offer

As the Commercial Court of Bobigny was about to put the last nail in XL Airways’ coffin, a new takeover offer emerged filed by Gérard Houa who previously tried to seize Aigle Azur, another bankrupt French carrier. The takeover would come with a €30 million investment....


Clement Charpentreau
BREAKING| Takeover rejected, Aigle Azur ceases activities

The Commercial Court of Evry has rejected all takeover offers for Aigle Azur. The activity of the second biggest French airline stops from September 27, 2019....


Clement Charpentreau
Aigle Azur, four offers left, no more Air France

Air France and the Dubreuil group did not submit any new takeover offer for Aigle Azur after the first one was rejected by the Commercial Court of Evry. Only four bids were filed....


Clement Charpentreau
Aigle Azur: 14 takeover offers, 13,000 passengers still stranded

At least fourteen offers to take over Aigle Azur were submitted before the deadline on September 9, 2019. As expected, one of them was from Air France. Meanwhile, 13,000 passengers of the company are still stranded....


Clement Charpentreau
Passengers stranded after Aigle Azur ceases operations

Aigle Azur will stop its operations from the evening of September 6, 2019. The second biggest French airline, which declared bankruptcy earlier this week, is now putting all hope in a buyout offer....


Clement Charpentreau
Aigle Azur files for bankruptcy, Air France, IAG expected to bid

After an eventful week, Aigle Azur filed for bankruptcy on September 2, 2019. The company is now waiting for potential buyouts, with the deadline for bids set to next week. Air France and IAG may compete to take over the second biggest French airline to obtain its precious slots....


Clement Charpentreau
Coup at Aigle Azur: the CEO strikes back

After being evicted at the beginning of the week to be replaced by a duo composed of a shareholder and one of the co-founders, Aigle Azur CEO Frantz Yvelin was eventually able to take back his position, but not alone this time....


Clement Charpentreau
Aigle Azur bracing to launch long-haul operations

Aigle Azur, the second most scheduled French airline after Air France, received its second Airbus A330-200 on June 14, 2018. The plane was immediately deployed on the same middle-haul routes as the first one. Eventually, they should be used for long-haul routes the company plans to open during the summer 2018....