History
Formed as Star Airlines (abrreviation for Société de Transport Aérien Régional) in 1995 by Cédric Pastour, the airline was previously owned by Transat A.T., before being sold to and taken over by XL Leisure Group. On 23 November 2006 the airline changed its name to XL Airways France. The owning group went bankrupt on 12 September 2008, but the airline was saved as it was acquired by Straumur-Burdaras Investment Bank on the same day, along with its German sister company XL Airways Germany. In November 2012, the airline was sold to X-Air Aviation, a subsidiary of Swiss-US investment group BeachSide Capital.
Read more about this topic: XL Airways France
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