Aigle Azur to cease activity on Friday after court rejects rescue bids: BFM

PARIS (Reuters) – The bankrupt French airline Aigle Azur will cease all activities on Friday at midnight after a court ruled that none of the remaining rescue offers were acceptable, BFM TV reported.

Privately held Aigle Azur was put under bankruptcy protection on Sept. 2 and halted operations days later, leaving 19,000 passengers stranded.

Two airline spokespeople could not be reached and a union official said he was not aware of the court’s ruling. If confirmed, it would represent a blow to government-backed efforts to sell off parts of Aigle Azur’s business and save a large proportion of its 1,150 jobs.

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