Overview
- The European Commission deemed the aid compatible with EU rules and said the plan should restore Corsair’s long‑term viability by the end of the restructuring period.
- The package combines a cancellation of €80 million from loans approved in 2020 with €87.8 million in new funding.
- Approval is conditional on measures to limit competitive distortions, including fewer flight rotations and the release of airport slots, with Corsair yet to specify which routes will be affected.
- The green light enables a shareholder reshuffle featuring Abbas Jaber at 40%, a consortium of mainly overseas entrepreneurs at 52%, and a Guadeloupe mixed‑economy company at 8%.
- Corsair, which flies to French overseas territories and select African capitals, reported a sharp profit increase for 2024–25 and has renewed its long‑haul fleet with nine Airbus A330neo jets.