Race continues for Air Littoral
A ninth candidate has entered the race to take over ailing French regional Air Littoral following the withdrawal of Wexford Capital, the U.S.-based investment fund manager.
The latest party to eye Air Littoral, which was under bankruptcy observation until the end of last month, will officially reveal its identity in the next few days. It is understood to involve several European investment funds and a French management company.
The investment fund consortium is believed to want to acquire a portion of Air Littoral, keeping its 17 CRJ100/200s but not its 10 ATR 42-500s or five Fokker 70s.