Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Commercial Court of Pointe-à-Pitre has validated the partial takeover of the Caire airline group by Cipim (holding company of the Edéis group) in association with the local authority of Saint-Martin. The court has authorised 176 redundancies on economic grounds, including 78 at the Guyana subsidiary, out of the 300 employees of the Caire group. Cipim will only take over the routes operated by Air Antilles, one of the CAIRE group's airlines. This took place as a competitor, Cafom group, has finally withdrew another takeover offer, where it was proposing a global takeover with 194 of the 296 employees. The new company intends to refocus on services to the four French islands of Saint-Martin, Saint-Barthélémy, Guadeloupe and Martinique.
Eurofound (2023), Compagnie Aérienne InterRégionale Express - CAIRE, Merger/Acquisition in France, factsheet number 200433, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200433.