--- title: "August Debouzy advised CIPIM and Collectivité de Saint-Martin on their takeover of the airline company Air Antilles" id: "2648" type: "post" slug: "august-debouzy-advised-cipim-and-collectivite-de-saint-martin-on-their-takeover-of-the-airline-company-air-antilles" published_at: "2023-10-17T10:49:11+00:00" modified_at: "2026-02-19T18:23:41+00:00" url: "https://www.august-debouzy.com/en/deal/august-debouzy-advised-cipim-and-collectivite-de-saint-martin-on-their-takeover-of-the-airline-company-air-antilles/" markdown_url: "https://www.august-debouzy.com/en/deal/august-debouzy-advised-cipim-and-collectivite-de-saint-martin-on-their-takeover-of-the-airline-company-air-antilles.md" taxonomy_category: - "Deal" taxonomy_language: - "English" taxonomy_post_translations: - "pll_6980d545ce7d2" taxonomy_tax_expertise: - "Insolvency and Restructuring" - "Restructuring" --- Summarize with AI On August 2, 2023, Caire (Compagnie Aérienne Inter Régionale Express), which operated Air Antilles and Air Guyane airlines, was put into compulsory liquidation. August Debouzy assisted CIPIM and Collectivité de Saint-Martin in drawing up a bid to take over CAIRE’s assets in order to relaunch the airline company Air Antilles through the creation of a semi-public company (SEM) called “NEW AIR ANTILLES”. In view of CAIRE’s cash-flow situation, the deadline for submitting takeover bids was set at September 1, 2023. Six initial bids were submitted. The deadline for improving bids expired on September 18, 2023, and three candidates submitted improved bids, including SEM NEW AIR ANTILLES. The bid review was held on September 21, 2023 before the Combined Commercial Court (Tribunal Mixte de Commerce) of Point-à-Pitre. August Debouzy presented and supported SEM’s offer, which appeared to be the only serious financed project providing for a temporary charter solution allowing a rapid resumption of traffic while awaiting administrative authorizations (in particular from the DGAC). The Court handed down its ruling on September 29, 2023, ordering the sale of Air Antilles’ assets to SEM NEW AIR ANTILLES, thereby safeguarding 120 jobs. August Debouzy’s team was led by Laurent Cotret (partner) for the entire case, assisted by Clément Quernin (senior associate) for the restructuring aspects, Emmanuelle Mignon (partner) and Ghislain Minaire (counsel) for public law, Virginie Devos (partner) and Claire-Lisa Leclerc (associate) for labour law, Renaud Christol (partner) and Paul Vialard (associate) for competition law, Julien Aucomte (partner) and Juliette Vachet (associate) for corporate law. Share - Linkedin - Copy Link Summarize with AI ### Authors 8 - [Julien Aucomte](https://www.august-debouzy.com/en/collaborateur/julien-aucomte/) - [Laurent Cotret](https://www.august-debouzy.com/en/collaborateur/laurent-cotret/) - [Virginie Devos](https://www.august-debouzy.com/en/collaborateur/virginie-devos/) - [Claire-Lisa Leclerc](https://www.august-debouzy.com/en/collaborateur/claire-lisa-leclerc/) - [Emmanuelle Mignon](https://www.august-debouzy.com/en/collaborateur/emmanuelle-mignon/) - [Ghislain Minaire](https://www.august-debouzy.com/en/collaborateur/ghislain-minaire/) - [Clément Quernin](https://www.august-debouzy.com/en/collaborateur/clement-quernin/) - [Juliette Vachet](https://www.august-debouzy.com/en/collaborateur/juliette-vachet/) ### Practice Area 2 - [Insolvency and Restructuring](https://www.august-debouzy.com/en/tax-expertise/insolvency-and-restructuring/) - [Restructuring](https://www.august-debouzy.com/en/tax-expertise/restructuring/) ## Discover more content that might interest you News [26/06/26 Deal 2 min August Debouzy advises Aura Aero on the acquisition of VoltAero, accelerating the decarbonization of aviation Read more](https://www.august-debouzy.com/en/deal/august-debouzy-advises-aura-aero-on-the-acquisition-of-voltaero-accelerating-the-decarbonization-of-aviation/) [02/09/25 Deal 2 min August Debouzy Advises Keller Williams France on the Court Approval of Its Safeguard Plan August Debouzy advised Keller Williams France on the successful court approval of its safeguard plan, enabling the company to restructure €17.8 million in debt and continue its growth in the French real estate market. Read more](https://www.august-debouzy.com/en/deal/august-debouzy-advises-keller-williams-france-on-the-court-approval-of-its-safeguard-plan/) [24/07/25 Deal 2 min August Debouzy advised the Hôtels de Paris group on its exit from judicial reorganisation proceedings and the approval of its continuation plan The continuation plan for Les Hôtels de Paris was approved by the Paris Commercial Court on 11 July 2025, marking a key milestone in the group’s restructuring process. Read more](https://www.august-debouzy.com/en/deal/august-debouzy-advised-the-hotels-de-paris-group-on-its-exit-from-judicial-reorganisation-proceedings-and-the-approval-of-its-continuation-plan/)