Transports
West Indian entrepreneurs save Corsair, helped by Guadeloupe and the State
EXCLUSIVE- On the verge of bankruptcy, the company controlled by German investors will be taken over by West Indian entrepreneurs. With the support of the State, and the department of Guadeloupe.
The Corsair airline sank with the Covid-19 crisis. Its majority shareholder, German Intro Aviation, himself in fragile financial health, entrusted the keys to a receiver, Hélène Bourbouloux. The latter, with Lazard and the teams of the Interministerial Committee for Industrial Restructuring (Ciri) is on the verge of finding a buyer. An original team that includes the department of Guadeloupe and a consortium of West Indian businessmen. The company chaired by Pascal de Izaguirre is indeed an important transporter linking this region to the metropolis. The State, which considers Corsair’s role to be vital for the French Overseas Territories, has supported this recovery plan, even unlocking public funding in coordination with Brussels, while the company, unlike Air France , had been refused a plan guaranteed by the State.
Objective of 13 planes
Last year, while Intro Aviation – a business recovery specialist – bought the company from another German, travel giant TUI, Pascal de Izaguirre set itself the goal of finding balance in 2020. The amount of the sale of Corsair (470 million euros in revenue in 2017-2018 and 1.2 million passengers)
