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The State flies to the aid of Corsair to preserve the overseas territories

2020-11-27T20:27:55.583Z

It grants it a loan to promote its takeover by tourism players in the Antilles, Reunion Island and Guyana.Corsair, the third French company behind Air France and Dubreuil Aero (Air Caraïbes, French Bee), will benefit from a rescue plan and change owners. An agreement providing for "a global financial contribution of nearly 300 million euros " was signed " between Corsair, the State and a consortium of investors, presenting a collective financing solution" , assures the company in a press release. Acc



Corsair, the third French company behind Air France and Dubreuil Aero (Air Caraïbes, French Bee), will benefit from a rescue plan and change owners.

An agreement providing for

"a global financial contribution of nearly 300 million euros

" was signed "

between Corsair, the State and a consortium of investors, presenting a collective financing solution"

, assures the company in a press release.

According to latribune.fr, the consortium of fifteen tourism and hotel investors based in the West Indies, Reunion Island and Guyana, the State and the current shareholders (TUI and Intro Aviation) have signed a conciliation protocol, which will be examined on December 1 at the Commercial Court of Créteil.

This plan includes financing of 297 million to strengthen the liquidity and equity of the company, details latribune.fr.

The State will lend 141 million euros, the TUI group will provide 126 million euros and the buyers will finance 30 million euros

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Source: lefigaro

All business articles on 2020-11-27

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