The XL Airways model and its variations was bought at public sale on Monday for 686,400 euros as a part of a sale of the belongings of the airline which went into obligatory liquidation in October, we realized from the public sale home.
XL Airways manufacturers and domains with names regarding air transport (XL Airways, XL Air, XLAirways.com …), these regarding journey companies (XL membership, XL Holidays, XL Holidays .. .) and twelve different French and overseas manufacturers and domains had been acquired by a overseas purchaser whose id was not communicated by the home of Florent Magnin and François Wedrychowski accountable for the sale.
All the belongings of the previous airline – engine elements, aeronautical instruments, flight attendants' uniforms, trolleys, computer systems, workplace furnishings – have been supplied for public sale since January 21. The sale will shut on Tuesday. In all Monday, a sum of three,603,600 euros was raised together with the quantity reached by the model and 148,720 euros for an A330 engine half. The corporate didn’t personal the 4 Airbus A330s it leased.
XL Airways, a low-cost firm created in 1995, employed 570 individuals and transported round 730,00zero passengers in 2018. It primarily served North America, particularly the US, the West Indies and Reunion, but additionally China.
An increasing number of manufacturers bought at public sale
In recent times, gross sales of manufacturers and domains have been rising in judicial auctions, the auctioneers mentioned in an announcement. They cite for instance the Vogica kitchen furnishings manufacturers, in 2011, whose auctions reached an quantity of 740,00zero euros and that of “Jean Caby” sausage merchandise bought for 800,00zero euros a yr in the past.
The curiosity for a purchaser is “enhance its development by buying a particular signal that’s already put in within the minds of the general public“, explains Pierre Bresse, industrial property advisor and president of the corporate IP Belief. The model is valued on the idea of the quantity new firm coming into the market ought to spend”to create a particular signal having the identical popularity with the general public“, he explains.
The sale of manufacturers is for the second nonetheless not very widespread in France the place there are solely a dozen transactions a yr, in response to Mr. Bresse, which highlights the curiosity for an organization to purchase a model “strong, purged of all authorized dangers“.