Cairo airline undergoes judicial liquidation with continuation of activity for two months: Latest updates and insights

2023-08-03 01:52:18

The Pointe-à-Pitre commercial court pronounced this Wednesday, August 2 the judicial liquidation of Cairo, with continuation of activity for two months. A judicial administrator has been appointed.

Guadeloupe the 1st • Published on August 2, 2023 at 9:52 p.m., updated on August 2, 2023 at 9:53 p.m.

This is the epilogue of the social conflict within Cairo. The Compagnie Aérienne Interregionale Express was declared in compulsory liquidation with a continuation period of two months, this Wednesday, August 2 by the Pointe-à-Pitre commercial court. A procedure including the appointment of a legal representative, in charge of managing the company, while waiting to find a buyer.

This Wednesday morning, near the courtroom, the various parties questioned seemed on the same wavelength.

The company has a bright future, it is essential that it moves forward without Mr. Koury.

Rudy Ouakrat, employee lawyer

Interviewed by Lydia Quérin

We are very attached to this company. Employees really have this expectation of being able to find real good working conditions. It is very important for us to have every chance to put this exploitation in order, to put this society back in motion.

Brieuc Hardy, union representative SNPL-Caire Air Antilles

Interviewed by Lydia Quérin

Even the CEO of Cairo was in favor of compulsory liquidation. Eric Koury, the company’s main shareholder, said: “from the moment when the company and the restructuring project that I was defending were no longer relevant, I made this decision and it belongs to me”.

The placement under judicial liquidation of the company Cairo is indeed a court decision which follows the request for cessation of payments, formulated, by the CEO Eric Koury. A procedure that he initiated when the pilots and cabin crew had started an indefinite strike. Movement that had highlighted the financial difficulties facing the company. This Wednesday, August 2, motivated by the legal calendar and the desire to unblock the situation of many passengers, the SNPC-FO and SNPL-Cairo announced that they were suspending their mobilization. The striking employees should return to work this Thursday, August 3.

READ ALSO : Air Antilles: two unions call to suspend the strike

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