newstodate.aero

Jun 18, 2021 (newstodate): Majority-owned by the Icelandic subsidiary Loftleidir Cabo Verde, Cabo Verde Airlines is today returning to the skies after a 14-months long hiatus.
   The airline has been effectively grounded due to the coronavirus pandemic, while political, financial, and union issues also added to the plights of the carrier
   The opening flight will be performed today on the route connecting Sal and Lisbon, operated with a Boeing 757-200 aircraft leased from the Icelandair Group.
   The route will be operated four times weekly till March 28, 2022, and so far the flight program will also comprise a weekly rotation on the route to Boston from June 28, 2021, and a weekly flight to Paris from July 19, 2021.
   All flights in Cabo Verde have been suspended since April 19, 2020.
   In 2017, Loftleidir Icelandic, TACV Cabo Verde Airlines and the Government of Cabo Verde inked a management agreement on the restructuring of the loss-making TACV Cabo Verde Airlines, and in March 2019, Loftleidir Cabo Verde, owned 70 percent by Loftleidir Icelandic ehf, and 30 percent by Icelandic investors, acquired 51 percent of Cabo Verde Airlines.
   Plans for Loftleidir Cabo Verde to take over the next tranche of 39 of the 49 percent still held by the Cabo Verde state were aborted in April 2020 due to the uncertainties around the airline's future in the current coronavirus situation.