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Aigle Azur receives 14 takeover bids

French budget airline Aigle Azur's court administrator has received 14 expressions of interest about acquiring all or part of the ailing carrier.

Aigle Azur was placed into receivership earlier this month after running out of enough liquidity to continue operations.

It had started cancelling routes but subsequently admitted that its financial situation and operational problems were too great, and it suspended all flights on 7 September.

Most of the proposals for Agile Azur concern purchasing "isolated assets", the administrator says, although it has received bids for more comprehensive recovery projects too.

However, the administrator does not believe any of these proposals are currently viable: "Their industrial seriousness and their financing will have to be confirmed within the given deadlines."

Air France-KLM said that it plans to bid for the airline in order to take control of its landing slots at Paris Orly airport.

EasyJet has also expressed interest in purchasing Agile Azur's Orly operations.

The administrator will now asses the offers and create a transfer plan. A further hearing of the Evry Commercial Court will take place on 16 September.

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