French carrier Aigle Azur cancels all flights as it seeks takeover

French carrier Aigle Azur entered receivership this week and now plans to cancel all flights amid its search for a takeover bid to save the company. Earlier this week, the airline said it would still continue to operate flights during a “period of observation”, but these plans have now been scrapped. The company said it had been “forced to resort” to an “unfortunate option that puts out clients, our teams and our partners in great difficulty.” The airline is facing extinction despite generating revenue of $329 million last year, transporting 1.9 million passengers.  A statement released to employees stated: “The