Newly formed French carrier Air Lib is searching urgently for new backers to help finance its revival attempt after troubled former shareholder Swissair reneged on a promise to pay a lump sum to exit ...

Virgin and French shipping group CMA CGM are interested in taking over assets of failed Air Lib to set up a new carrier in France operating from Paris Orly airport. Virgin Group head Richard Branson, ...

Air Lib, France's second-largest airline, lost its operating license Thursday and was forced to ground its fleet after negotiations with a Dutch concern to save the carrier fell through. The ministry ...

Executives of ailing French carrier Air Lib are scheduled to complete a new rescue plan this week, in a desperate attempt to halt massive losses. President Jacques Chirac stressed that Air Lib plays a ...

Air France has just learnt of the suspension of Air Lib`s flights, and would like to assure all Air Lib employees of Air France`s understanding at this difficult time. Air France will be doing its ...