Thursday, March 5, 2015

Why Air Caribbean waives the redemption Corsair? – The World

Le Monde | • Updated | By

Finally, Air Caribbean should not be the first airline group in the Caribbean. Thursday, March 5, the family group Dubreuil, owner of Air Caribbean, “affirmed the judgment of the discussions” started with TUI France for the redemption of his Corsair International airline. “The Dubreuil group and the TUI group ended their discussions on the proposed transaction” , indicated Corsair without further explanation.

The judgment of the transaction brutal. It comes two weeks after the announcement on February 16, the sale of Corsair Dubreuil group. At the time, Pascal de Izaguirre, CEO of Air Caribbean Corsair regarded as his “natural ally” Corsair. For its part, Air Caraibes already dreamed leading destination in the Caribbean. An annual flow of nearly 2.4 million passengers. By adding the strengths of both companies, the Dubreuil group was to compose an air group 100% French fort over 50% market share in the Caribbean. Incidentally, the new set chipait the leading position at Air France.



A waiver on the eve of a new strike

Neither the Dubreuil group nor even the Corsair organizations united in Inter, have desired explained the reasons for the end of the recovery in airline project. However, it comes on the eve of a new strike scheduled for Friday 6th to Sunday 8th March. It promised to be heavily monitored. Like the previous day strike that had gathered from 90% to 95% of strikers.

The parent company of Air Caribbean imagined that such redemption would smoothly. She believed he had bought social peace Corsair promising in advance that there would be “no socially” . The Dubreuil group had even committed to retain the brand and not surpprimer airlines. Alas, the promise has not convinced the 1,158 employees of Corsair. At the call of unions, staff have launched a first strike from 28 February to 2 March. They wanted to get “guarantees” for their jobs.



The management wanted “productivity efforts”

The employees feared rampant redundancy plan. Worried especially after the statements of Marc Rochet, CEO of Air Caribbean, which had set the “objective (…) providing the benefit of Corsair ” structurally loss. To achieve this, the boss of Air Caraïbes already called Corsair’s 1158 employees to make “productivity efforts” .

Dubreuil group “too press and some abused “ on the social management of the recovery Corsair says a former executive of the company. The idea of ​​the direction of the parent company of Air Caribbean was to create a new society, the social conditions less advantageous to house the Corsair personnel. All employees would not have found their place. On the occasion of the transfer to the new Corsair entity unions feared “selected” .



Corsair still for sale

Nevertheless, if the takeover by Air Caraibes failed, Corsair is still for sale. TUI France, a subsidiary of German tour operator TUI, tries to get rid as soon as possible of the airline in France. Tired of having to constantly hand in his pocket to wipe chronic deficits Corsair. To ensure the transfer to the Dubreuil group TUI was ready, he seems to recapitalize the airline by feeding back once and for all 17 million euros. After Dubreuil group TUI could knock on the door of British Airways said that one time interested in buying Corsair

Read also:. In buying Corsair Air Caribbean is the leader in the Caribbean

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