On Monday, February 2nd, the commercial court of Pointe-à-Pitre decided to to place Air Antilles under judicial administration for a period of six months, offering the regional airline a final respite faced with a financial and operational situation that had become critical.
The decision, delivered in open court, temporarily suspends debt repayment and opens an observation period during which management will have to present a credible continuation planThe court’s stated objective is clear: to allow the company to restructure and to avoid a judicial liquidation which would have led to the total cessation of its activities, with serious consequences for inter-island air service.
This reprieve, however, comes with strict requirements. Air Antilles will have to quickly securing its cash flow by actively seeking investors or loans to ensure the continuity of its operations, including the payment of salaries, aircraft maintenance, and fuel supply. At the same time, the company will need to regularize his situation to the Directorate General of Civil Aviation, by obtaining the extension of its operating license, which expired on January 31, as well as the lifting of the suspension of his air operator certificateessential for any resumption of commercial flights.
These steps will be taken under the supervision of a court-appointed administrator designated by the court. Air Antilles management will have to return to court in the coming months to defend its recovery planBeyond the fate of the company, The stakes are high for territorial continuity. between Guadeloupe, Martinique and the Northern Islands, where the company remains an essential link in regional mobility.
Source: Faxinfo https://faxinfo.fr/en/transport-aerien-air-antilles-echappe-a-la-liquidation-et-obtient-un-sursis-de-six-mois/
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