PARIS (Reuters) - French budget airline Aigle Azur will cease all activities on Friday at midnight after a commercial court rejected financial rescue offers, the French government aid in a statement.
Privately held Aigle Azur was put under bankruptcy protection on Sept. 2 and halted operations days later, leaving 19,000 passengers stranded.
French junior transport minister Jean-Baptiste Djebbari said in a statement that the government will help Aigle Azur’s 1,150 staff find new jobs as quickly as possible.
Last week, another, much smaller, French budget airline - XL Airways - said it had suspended ticket sales due to financial difficulties, in the latest example of low-cost airlines running into financial problems.
(This story corrects headline to read “cease activities” instead of “stop flying”. The airline had stopped flying early this month.)
Reporting by Matthieu Protard; Editing by GV De Clercq and David Gregorio