The State concluded an agreement on Wednesday with the airline company Corsair, specialist in overseas services and a consortium of West Indian investors to enable it to respond to its financial difficulties and to carry out a turnaround and transformation plan.
The State is supporting this recovery by granting loans to the company to enable it to implement its restructuring plan. This financial aid falls within the framework of European Union law and remains subject to the approval of the European Commission, which is regularly informed of this project.
The Government welcomes this announcement of the rescue of the company in the context of the deep crisis of the French aviation. This takeover will guarantee the future of the company, the sustainability of its more than 1 jobs and competition on the market for serving overseas territories for the benefit of French and overseas consumers.
This recovery was made possible thanks to the intervention of the services of the Ministry of the Economy, Finance and Recovery, the Ministry of Transport and the Ministry of Overseas, which have supported the company for several months in its discussions with investors, shareholders and all of its partners to find a solution that guarantees its future and sustainability.
The Government will be attentive to the respect of the commitments of all stakeholders and to the implementation of the company's ambitious transformation plan designed so that the company can return to a high level of profitability. In this regard, he now welcomes the efforts made by the company's employees to facilitate the recovery through performance and cost reduction agreements.
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