Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News

News :
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
The feature you requested does not exist. However, we suggest the following feature:

Air France KLM : Budget carrier XL Airways seeks rescue deal with Air France

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/22/2019 | 04:48am EDT
Passengers disembark from an Air France plane at the Paris Charles de Gaulle airport in Roissy

PARIS (Reuters) - French airline XL Airways has called on Air France to discuss a rescue deal to avert the collapse of the budget carrier that halted ticket sales and payments last week.

XL Airways, which has said it needs 35 million euros ($38.6 million) in fresh financing, requested in a statement on Sunday a meeting with Air France and the French authorities in the coming hours before a court is expected to put it into receivership on Monday.

In an interview with Le Journal du Dimanche, also published on Sunday, XL Airways' Chief Executive Laurent Mignan said his airline could become Air France's low-cost offer on long-haul routes.

An Air France spokeswoman declined to comment.

Air France, France's historic national carrier, is part of the Air France-KLM group.

XL Airways operated four Airbus A330 aircraft and provided mainly long-haul flights to the Caribbean, the United States and France's Reunion island.

XL Airways' woes follow similar issues at French airline Aigle Azur. Aigle Azur's unfolding bankruptcy is the latest among smaller European airlines struggling to contend with higher fuel costs and stiff low-cost competition.

($1 = 0.9077 euros)

(Reporting by Gus Trompiz; Editing by Dale Hudson)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
04:48aAIR FRANCE KLM : Budget carrier XL Airways seeks rescue deal with Air France
RE
04:33aBANK OF JAPAN : Main events scheduled for October
AQ
04:17aFOSUN TOURISM : UK minister hopes Thomas Cook talks come to 'positive conclusion'
RE
04:14aASSOCIATED BRITISH FOODS : Eyes on U.S. prize, Primark considers Central American suppliers
RE
03:12aUBS : won't pass negative interest rates to small savers - COO
RE
03:01aPFIZER : Spotlight Sessions to Take Place at the Lyophilization USA 2019
AQ
03:01aINTERCONTINENTAL HOTELS : Appoints Anna-Marie Dowling as Area General Manger for IHG Oman
AQ
03:01aDAIKIN INDUSTRIES : India Aims to be a Rs 5,000-crore Firm in FY20, Looks for 20% Growth
AQ
03:01aMARTELLO TECHNOLOGIES : Showcases IT Operations Analytics Technology Used by City of Ottawa in Economic Mission to the Netherlands
AQ
03:01aFIVERR INTERNATIONAL : Unveils Public Relations Pro Service with Multi-Faceted Communication Expert Adam Nelson
AQ
Latest news