a provisional administrator appointed to manage the company

New bounce at Aigle Azur. Tuesday, August 27, the day after the putsch of Gerard Houa, a minority shareholder of Aigle Azur (19% of the capital) who had invested the headquarters of the company in trouble to land the CEO Frantz Yvelin and take the presidency, the commercial court Evry appointed a temporary administrator to run Aigle Azur, forcing Wednesday morning Gerard Houa to leave the premises where were present the police.

Information confirmed by a company press release, stating that "SELARL FHB represented by Maître Hélène Bourbouloux has been appointed provisional administrator of Aigle Azur".

"With the assistance of the court, seized in this regard, Aigle Azur ended this morning a new situation, illegal, and surreal, having seen two natural persons claim to have the right to take control of the company. 80% of its shareholding, it is closed.With the help of the police, we were able to execute this day this court decision.This puts an end to a totally ubiquitous and illegal situation, without prejudice to the penal consequences that will be given, the company has already filed a complaint, "says the company in its press release.

And to add:

"Faced with the urgency and the criticality of this unprecedented situation in the French air transport, in front of the difficulties which Aigle Azur must face, and not being able to serenely assure its functions in a normal and peaceful frame, Frantz Yvelin has indeed taken the initiative to use this exceptional measure. "

Richard Houa's maneuver provoked the reaction of another shareholder: David Neeleman, who owns 32% of the capital. In an email sent to his lawyers, he accused Géraed Houa of having "usurped the presidency of the company" and denied the power of the latter and that of Philippe Bohn, that Gérard Houa had appointed director general.

Unions want Richard Houa back

Some unions favorable to Gerard Houa who assured to have "raised 15 million euros" to save Aigle Azur and avoid its dismantling, sought a solution to put it back in the saddle. According to a trade unionist, it is the court of commerce of Evry which pronounced the order and it is not competent according to them, Aigle Azur dependent on the commercial court of Créteil.

Aigle Azur is in trouble. Since 2012, she has not made any more money. According to Gérard Houa, she lost 50 million euros under the presidency of Franck Yvelin started in autumn 2017. The latter assured that the company had 25 million euros of cash and planned to sell the flights between Orly and Portugal to Vueling for twenty million euros. According to political sources, it should actually "25 to 30 million euros to simply turn the box".