Cocoa: Korean Messenger launches Klip
Less than a month after the placement into receivership of Aigle Azur, another French company filed for bankruptcy : XL Airways, known for its cheap flights to

After Aigle Azur, XL Airways is in turn under threat of liquidation

Less than a month after the placement into receivership of Aigle Azur, another French company filed for bankruptcy : XL Airways, known for its cheap flights to

After Aigle Azur, XL Airways is in turn under threat of liquidation

Less than a month after the placement into receivership of Aigle Azur, another French company filed for bankruptcy : XL Airways, known for its cheap flights to the United States, the Caribbean, Mexico... The leaders of this company of 570 employees have announced a new, Thursday evening, in a press release published on its website : "for more than a year, the management has negotiated with several potential buyers. These negotiations were unsuccessful, and the company today must place themselves under the protection of the commercial court of Bobigny. "

" ALSO READ - XL Airways reviews its model and search a shareholder

XL Airways has immediately stopped its sales and warned that some flights could be cancelled with effect from 23 September, the date of his probable placement in receivership.

The hope of finding a buyer, it will be up to the closure of the company

Laurent Magnin, president of Dreamjet

This statement has not surprised the professionals of the air. XL Airways, such as Aigle Azur, was followed by the inter-ministerial committee for industrial restructuring (Ciri) at Bercy. Its financial difficulties were no secret. Friday on RTL, Laurent Magnin, president of Dreamjet, the holding company that includes XL Airways and The Company, launched a "last call" : "The hope of finding a buyer, it will be up to the closure of the company. This company is in need of 35 million to start, it is a message. We have people of means in this country. "

" ALSO READ - XL Airways "is in need of 35 million to start," says its president and CEO

many voices of the leaders of the air and of the unionists were high on Friday to denounce the too heavy tax and social charges in france. The reality is more nuanced. Leaders of XL Airways, which had placed their hopes, two years ago, in a merger with The Company, dedicated to business class between Paris and New York, have failed. The marriage between the two models, one very cheap and the other glamour, made no synergy. The Company is working like a charm, and family offices, shareholders of DreamJet, which Motier, one of the family Mill, is a very welcome development. On the other hand, they do not intend to bail out XL Airways.

there was a year and a half, Air France-KLM had planned to take a stake in the company to have a weapon low-cost long-haul. But the leaders of the group had given up to take part in the adventure.

price War in

Should we see the similarities between the bankruptcy of Aigle Azur and the airline XL Airways? For some of the good connoisseurs of these folders, the leaders of these two companies have been blinded by the large amounts of cash generated by the sale of tickets issued and not used. "In the end, it is always the result of operating the account," recalls an officer. XL Airways, in spite of a cost structure low, may have also paid the dispersion of its program of flights. The company has cheap wanted to serve the world with only four aircraft, sacrificing its operational efficiency.

Finally, XL Airways has lost the price war, denounced by the trade unions. Raphael Caccia, secretary-general of the federal Union of air CFDT, admits that "taxes and charges" account for only " a part of the problem ", as are also cause the "war on prices" and " the overcapacity of the air transportation in the world."

" ALSO READ - Aigle Azur: four offers to purchase the fray, Air France and Easyjet waive

in recent years, the competition has increased in France, with the creation of the French Bee, the subsidiary low-cost airline in the group Dubreuil, Level, that of the group IAG (British Airways, Iberia...) which has a base in Paris, and Norwegian. XL Airways has not been able to cope with it. Its policy of price and revenue optimization did not permit him to stay afloat. After months of fruitless searches to find a buyer, it is hard to see who could today bring relief to XL.

" SEE ALSO - XL Airways : the government will help the company to find new investors," attests Elizabeth Terminal

Publish Date : 21 Eylül 2019 Cumartesi 00:00

Breaking News Headlines

How to Follow the “3 Hobbies” Principle for Poker Players
How to Follow the “3 Hobbies” Principle for Poker Players
One Way Backlink from News Sites for Forex Companies
One Way Backlink from News Sites for Forex Companies
Forex Brokers you can Deposit via Paypal
Forex Brokers you can Deposit via Paypal
What time do they close the bars, pubs and clubs in each autonomous community?
What time do they close the bars, pubs and clubs in each autonomous community?
One out of every five self-employed have at least one worker in their charge
One out of every five self-employed have at least one worker in their charge
19% of british companies that cut their earnings forecasts cited Brexit
19% of british companies that cut their earnings forecasts cited Brexit
Employment estimated that only one out of every three contracts to support entrepreneurs to survive in the present
Employment estimated that only one out of every three contracts to support entrepreneurs to survive in the present
The aircraft deliveries of Boeing recorded in July, its worst level since November 2008 for the 737 MAX
The aircraft deliveries of Boeing recorded in July, its worst level since November 2008 for the 737 MAX
In spite of the crisis in the case of Media Markt & Saturn: mother-to-group makes large profit
In spite of the crisis in the case of Media Markt & Saturn: mother-to-group makes large profit
Tug-of-war to Metro: trade group rejects billion Takeover
Tug-of-war to Metro: trade group rejects billion Takeover
Bitcoin price under $ 10,000: crypto-Scam to blame?
Bitcoin price under $ 10,000: crypto-Scam to blame?
Bitcoin-exchange-Coinbase wants to be the largest crypto-Trustee of the world
Bitcoin-exchange-Coinbase wants to be the largest crypto-Trustee of the world
Pages
NEWS ARCHIVES