Bust French airline XL Airways seeks bailout by Air France

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The management of French airline XL Airways, which operates long-haul and charter flights and which is due to halt flights on Monday after enetring into liquidation, is seeking a last-minute deal for a takeover by Air France to avoid folding with the loss of around 600 jobs.

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French airline XL Airways has called on Air France to discuss a rescue deal to avert the collapse of the budget carrier that halted ticket sales and payments last week, reports Reuters.