September 16, 2019 / 5:37 PM / a month ago

French court begins Aigle Azur liquidation, leaving two days for rescue

PARIS, 16 septembre (Reuters) - A French court began the process of liquidating bankrupt airline Aigle Azur on Monday but left bidders including Air France-KLM and Air Caraibes two more days to come back with an acceptable rescue plan, the CFDT union said.

The Evry commercial court south of Paris ordered Aigle Azur’s liquidation under a “going concern” process that leaves more time before assets are sold off, setting a midnight deadline on Wednesday for bidders to improve their offers, the union said in a statement. (Reporting by Laurence Frost; Editing by Richard Lough)

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