Guadeloupe-based Air Antilles has been ordered to liquidate.
According to Le Journal de Saint-Barth, a court in Pointe-à-Pitre rejected takeover offers for the airline, which has been in receivership since February, and began the process of “judicial liquidation.”
The court found that Air Antilles’ liabilities, totaling €56 million, made a recovery through continued operations impossible.
The carrier is majority owned by the French overseas collectivity of Saint Martin. It lost its French air operator certificate last year and operated under a provisional license while attempting to stabilize its financial situation.
In December, French regulators grounded Air Antilles’ aircraft over concerns about safety-related documentation. One month later, the airline declared that it would halt all payments, effectively an admission of insolvency.
Air Antilles formerly served destinations such as San Juan, Puerto Rico; Antigua; Barbados; Santo Domingo, Dominican Republic; Martinique; Saint Barthélemy; Saint Lucia; and Saint Martin.
