At the beginning of this year, investors from Reunion took over 55% of Air Austral by injecting 30 million. Patrick FORGET/SAGAPHOTO
Corsair, which will be recapitalised, is asking for state aid. In difficulty, Air Austral has just been acquired.
“The overseas market is really a market that should have consolidation. There are up to four companies on a single network. This is not optimal for us and for all passengers.” About ten days ago, the general manager of Air France-KLM, Ben Smith, spoke of the difficulties of the companies serving the West Indies and Reunion. In fact, these air carriers, weakened by heightened competition before the pandemic, came out exhausted.
Because, apart from Air France, these companies (Air Austral, Corsair, Air Caraïbes, French Bee, etc.) are SMEs which bear the brunt of the dysfunctions resulting from the war in Ukraine (rising energy costs, eurodollar parity degraded…). And restarting activity is not enough to move them away from the red zone. However, the overseas territories are very attached to these companies which provide their link with mainland France and constitute tools of sovereignty. The most urgent file is Corsair, which provides…
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