Latest news and stories about airline privatisation in Portugal for expats and residents.
The privatisation jury for Azores Airlines has recommended rejecting the Atlantic Connect Group's sole admitted bid — an offer of €17 million for 85% of Azores Airlines' share capital — on the grounds that it does not safeguard the interests of SATA and the Azores region. SATA said it is analysing the panel's recommendation.
The Clece/South consortium, winner of the tender for ground handling services, plans a “smooth transition” at Lisbon, Porto and Faro airports and wants to ensure continuity of employment for the workers, according to IAG. In written responses sent to Lusa, IAG — which, through Iberia, owns the handling company South Europe, part of the consortium ...
Home News SATA plans to begin privatisation SATA plans to begin privatisation SATA plans to formalise the separation of its ground handling service in March, with the creation of a new company, and to begin the privatisation process for that service, the Azorean aviation group announced.
The Azorean group is in consultation with employees to set up SATA Handling. The spin-off process should be completed this month and privatisation will start afterwards, fulfilling Brussels' 2022 plan.
The privatisation panel for Azores Airlines will propose rejecting the consortium Atlantic Connect Group's bid, the only one admitted to the tender, saying it does not 'safeguard the interests' of SATA and of the region, it was revealed today.
An offer of €17 million for 85% of Azores Airlines' share capital “does not meet the requirements set out in the procedure.” SATA says it is “analysing” the recommendation.
The panel overseeing the privatisation of Azores Airlines will propose rejecting the Atlantic Connect Group consortium's bid, the only one admitted to the tender, on the grounds that it does not “safeguard the interests” of SATA and the region. “The panel considers that the proposal does not meet the requirements defined in the procedure, does not respect conditions and obligations previously established ...”
SATA announced today that it expects to formalise in March the separation of its handling (ground assistance services) through the creation of a new company, and to begin the privatisation process for that service.
The proposal is being examined by the tender panel, chaired by economist and university professor Augusto Mateus.
AHP is calling for safeguards to be included in the privatisation process of TAP, Portugal’s flag carrier.
With an uncanny sense of timing, former TAP CEO Christine Ourmières-Widener has blasted back into view in Portugal – just as the government is intent on reprivatising the flagship airline The post Former TAP CEO blasts back on scene while €6 million lawsuit ‘still pending’ appeared first on Portugal Resident.
Pinto Luz says the Government had a different understanding of the deal, since it “ideologically believes” in a total divestment; even so, he sees a 49.9% privatisation as increasing the company's value.
The deadline for submitting non-binding proposals to acquire a minority stake in the airline expires on 2 April.
The Infrastructure minister said the Government had a different understanding of the deal, since it 'ideologically believes' in a 100% privatisation.
The IAG group, Air France-KLM and the German airline Lufthansa are the companies interested in buying TAP.
Infrastructure Minister Miguel Pinto Luz said in Lisbon today that the selection of a new buyer for a 49.9% stake in TAP is expected to be completed by the summer.
The second phase of the process will be coordinated in January by Parpública, which will be responsible for assessing proposals from companies interested in buying up to 44.9% of the Portuguese airline's share capital.
The Government has completed the pre-qualification stage of TAP's privatisation and has instructed Parpública to send, from 2 January, invitations to submit non-binding proposals.
The Council of Ministers decided that the so‑called TAP enclave will be excluded from the scope of the privatisation, as will Cateringpor and the handling company SPdH. Miguel Pinto Luz believes that competition among the three giants will drive up the price paid for the airline.
