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CORRECTED-UPDATE 1-French airline Aigle Azur to cease activities after court rejects rescue bids

rejects rescue bids@ (Corrects headline to read "cease activities" instead of "stop flying". The airline had stopped flying early this month)

PARIS, Sept 27 (Reuters) - French budget airline Aigle Azur will cease all activities on Friday at midnight after a commercial court rejected financial rescue offers, the French government aid in a statement.

Privately held Aigle Azur was put under bankruptcy protection on Sept. 2 and halted operations days later, leaving 19,000 passengers stranded.

French junior transport minister Jean-Baptiste Djebbari said in a statement that the government will help Aigle Azur's 1,150 staff find new jobs as quickly as possible.

Last week, another, much smaller, French budget airline - XL Airways - said it had suspended ticket sales due to financial difficulties, in the latest example of low-cost airlines running into financial problems. (Reporting by Matthieu Protard Editing by GV De Clercq and David Gregorio)