Air France-KLM shares slump on Aigle Azur rescue fears

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Shares in Air France-KLM fell sharply on Monday after a French minister named th...

) fell sharply on Monday after a French minister named the airline group as a likely bidder for bankrupt carrier Aigle Azur, which left 19,000 passengers stranded after abruptly halting operations.

Junior transport minister Jean-Baptiste Djebbari earlier told Le Parisien that Air France-KLM “appears to want to make an offer” - also mentioning a likely bid from Lionel Guerin, former head of the French carrier’s Hop! short-haul business. The French state, keen to drum up interest and save Aigle Azur’s 1,200 jobs, has also flagged EasyJet and Air Caraibes parent Dubreuil Group as potential bidders.

 

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