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Brussels highlights Corsair's weaknesses

2024-04-08T18:04:28.017Z

Highlights: Brussels highlights Corsair's weaknesses. The report from the European Commission, which must validate the French state's aid plan, is critical of the French carrier. The coming months will certainly give rise to discussions to find a compromise. It's been a very long time since Corsair made money. And the end of the pandemic was not enough to completely get the French company back on track. It is suspended on the decision of Brussels which must validated or not a new aid plan of 160 million euros granted by France in 2023.


The report from the European Commission, which must validate the French state's aid plan, is critical of the French company. The coming months will certainly give rise to discussions to find a compromise.


Ten years ? Fifteen ? Any further ? It's been a very long time since Corsair made money. And the end of the pandemic was not enough to completely get the French company back afloat, even if management shows its optimism for the 2023-2024 financial year which began in October.

For six months, we have not had a cash flow problem because the sales dynamic is good and our turnover is up by 15

%

, we emphasize at the carrier which serves the French Overseas Territories in particular. (Guadeloupe, Reunion, Mayotte, etc.) and Africa (Abidjan, Cotonou, etc.) with nine aircraft. However, the company, which has 1,107 employees, has not yet ensured its survival. It is suspended on the decision of Brussels which must validate or not a new aid plan of 160 million euros granted by France in 2023. Knowing that the company had already benefited from help from the State to the tune of 115 million in 2020.

The game is tough. While Paris had transmitted…

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Source: lefigaro

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