newstodate.aero
Nov 12, 2018 (newstodate): The ongoing tender process for privatization of the carrier Azores Airlines, owned by the Portuguese Grupo SATA, has been annulled with immediate effect, according to opcaoturismo.
The Government of the Azores claims that "serious damage" has been caused by a release of documents indicating that there was no formal proposal by Loftleidir, member of the Icelandair Group, that in July 2018 was pre-qualified for the second phase of the sale.
This is, however, contested by another source in the Transport Ministry that claims that the Icelandair Group did indeed place a regular bid for the 49 percent of the shares in the Azores Airlines.
Connecting the Azores with Europe and North America from its hub at Joao Paulo II International Airport, Azores Airlines operates a fleet comprising six Airbus aircraft - five Airbus A320 Family and one Airbus A330-200 aircraft.
Despite efforts to reduce debts through sales of aircraft and reductions in staff, Azores Airlines is still amassing a debts pile requiring the government to consider a privatization leading to an infusion of fresh capital and new management.
The Government of the Azores claims that "serious damage" has been caused by a release of documents indicating that there was no formal proposal by Loftleidir, member of the Icelandair Group, that in July 2018 was pre-qualified for the second phase of the sale.
This is, however, contested by another source in the Transport Ministry that claims that the Icelandair Group did indeed place a regular bid for the 49 percent of the shares in the Azores Airlines.
Connecting the Azores with Europe and North America from its hub at Joao Paulo II International Airport, Azores Airlines operates a fleet comprising six Airbus aircraft - five Airbus A320 Family and one Airbus A330-200 aircraft.
Despite efforts to reduce debts through sales of aircraft and reductions in staff, Azores Airlines is still amassing a debts pile requiring the government to consider a privatization leading to an infusion of fresh capital and new management.