newstodate.aero

Jul 01, 2021 (newstodate): It seems that the cooperation between Iceland's Loftleidir and the Cabo Verde government on Cabo Verde Airlines has come to an unfriendly end.
    According to Cabo Verde media, the government has ordered Cabo Verde Airlines to be renationalized and has seized a Boeing 757-200 leased from Loftleidir Icelandic/Icelandair.
   All flights in Cabo Verde have been suspended since April 19, 2020; and after more than a year stuck on the ground due to Covid-19, debts, financing, issues with unions, and political turmoil, the carrier announced resumption of flights this month, with the first operation from Sal Airport to Lisbon on June 18, 2021.
   This did not happen, though; the aircraft was denied clearance, leaving its four passengers grounded as well.
   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.