The acquisition of the project company Corsair International (TUI France) by the Group Dubreuil, a shareholder of Air Caribbean, was made official on Sunday night by the two groups.
“A committee of extraordinary enterprise (CCE) is convened on February 19 (Thursday) to open information to the consultation of Corsair works council on the company’s proposed acquisition of the Corsair International Dubreuil group, “announced the two groups in a brief joint statement.
Dubreuil group will present its project to the Corsair International CCE Thursday.
The amount of the investment and its terms were not disclosed. Questioned by AFP, the Dubreuil group declined to comment before a press conference to be held Friday in the presence of Jean-Paul Dubreuil, Chairman of the Group of the Supervisory Board and Air Caribbean, Marc Rochet , CEO of Air Caribbean and Pascal de Izaguirre, President of TUI France and CEO of Corsair.
On February 1, a source close to the matter had told AFP exclusive negotiations between TUI France and aerial specialist. The online daily latribune.fr then evoked Air Caribbean.
Air Caribbean Corsair International are already linked since 2012 by a trade agreement, known as “code-sharing” on lines serving the Caribbean and Indian Ocean.
Their reconciliation within the same group Dubreuil would mark the beginning of a consolidation of the sector need these particularly competitive geographic areas suffering from overcapacity with the presence of two other actors, Air France and XL Airways.
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