Syphax Airlines grounded before relaunch
CEO Mohamed Frikha has placed Syphax Airlines in judicial administration just before its relaunch October 17.
Frikha has attempted to find new investors in order to aid the airlines financial difficulties, ch-aviation reports.
France’s Tourmag reported that Syphax has amounts to TNR230 million (EUR104.8 million) with creditors.
Syphax’s remaining A319-100s are still on the ground in Sfax, with operations planned to resume this week.
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