Frantz Yvelin, the CEO of French airline Aigle Azur, placed in receivership Monday, throws in the towel by announcing his resignation on the set of French Good Morning Business. The airline also stopped offering flight bookings from 10 September, one can only fear the worst for the ailing airline.
“Today, I am announcing my resignation,” Yvelin said on television, “for the last two years, I have done absolutely everything I could to save the company. Our plan – saving more than 90% of the jobs and to continue our activities – was not accepted by the unions. Mr. Houa made his putsch (Houa briefly proclaimed himself CEO of the airline) … we can’t fight against everyone.”
The plan included reselling a portion of the airline’s activities to IAG Group (British Airways, Vueling, Iberia, Aer Lingus), reshuffling flights from Paris CDG and a productivity effort from our flight crew in exchange for a share in the capital of the company.
Aigle Azur, employing 1,150 people, including 350 in Algeria is in receivership with continued activity, but future bookings have been switched off from Aigle Azur’s official website as from 10 September.
Two possible plans are still in the pipeline: a take-over by IAG Group, or by Air France.
This post was published on 4 September 2019 11:40
Dubai International Airport (DXB) saw a strong start to 2025, welcoming 23.4 million passengers in…
Finnair announced it will cancel approximately 140 flights on Friday, May 2, due to a…
Athens has signed a deal with Airbus Helicopters for eight H215 helicopters, with options for…
Air France-KLM began 2025 with a €161 million year-on-year improvement in operating result, bringing Q1…
Lufthansa has operated its first-ever Airbus A380 flight to Denver, marking a milestone for both…
KLM Group reported €2.9 billion in revenue for Q1 2025, up 8% year-on-year, while narrowing…