The Corsair company posts a deficit of 37 million euros at the end of its 2022-2023 financial year (October to September), after losses of 114 million over the 2021-2022 financial year.
Corsair published its accounts late, after being summoned for summary proceedings before the Pointe-à-Pitre commercial court by Christine Ourmières-Widener, President of Air Caraibes and French Bee. The Guadeloupean court underlined the “significant uncertainty” existing regarding the continuity of operation of the fifth French air carrier, who asked the State to cancel more than 100 million euros of debt. Pascal de Izaguirre, the CEO of Corsair, is intended to be reassuring by highlighting the strong growth in the company's turnover, which according to him could allow a return to balance at the end of the 2023-2024 financial year, which ends on September 30.
The European Commission, however, criticized the Corsair rescue plan, doubting its long-term viability. The company is banking on the injection of new money into its capital, to the tune of 30 million euros. The Republic of Congo, interested in opening a Paris-Brazzaville line, had notably announced its intention to provide 15 million euros, before withdrawing at the end of July.
