Binter and Icelandair among interested buyers as Azores Airlines privatisation restarts
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3 Articles
The order book proposed by the SATA Board of Directors to the Government of the European Communities sets out the model for negotiating the individual for the privatisation of the company, which will have to be completed by the end of the year, according to the restructuring plan approved by the European Commission.
SATA International/Azores Airlines' proposal for a privatisation contract proposes the sale of at least 75% of the company and prevents the extinction of jobs and collective redundancies for 30 months, was revealed today.
Binter and Icelandair among interested buyers as Azores Airlines privatisation restarts
The privatisation of Azores Airlines is moving forward again, with between six and eight parties reportedly expressing interest in acquiring a stake in the airline. Among the most prominent potential investors are Binter Canarias and Icelandair. According to Tiago Santos, the Azorean regional government is expected to receive revised privatisation terms shortly as the process […]
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