Tag Archives: TACV-Cabo Verde Airlines

Icelandair Group submits an offer to buy 51% of Cabo Verde Airlines

TACV-Cabo Verde Airlines Boeing 757-2Q8 D4-CBP (msn 30045) AMS (Ton Jochems). Image: 932908.

Loftleidir Icelandic’s subsidiary has submitted a binding offer for majority shares of Cabo Verde Airlines.

Loftleidir Icelandic, a subsidiary of Icelandair Group, will, together with Icelandic investors, submit a binding offer for a 51% of the shares in Cabo Verde Airlines on Cape Verde.

Authorities in Cape Verde and Loftleidir Icelandic have been cooperating for some time. In August 2017, Loftleidir Icelandic signed a management agreement with the Cape Verde Government on restructuring Cabo Verde Airlines.

The agreement also aimed to strengthen the international airport in Cape Verde, to develop the islands as a promising tourist destination and to build an international hub for connecting flights. Coinciding with the agreement, it was announced that the company was due to be privatised. Cabo Verde Airlines already has operating licenses to fly scheduled flights to Europe and the United States.

 

The purchase price is confidential. However, the acquisition would partly be paid for by the work already completed by Loftleidir Icelandic’s employees. The acquisition is made through a new company, Loftleidir Cabo Verde. Loftleidir Icelandic holds a 70% stake in the company, and other investors 30%. Loftleidir Icelandic’s acquisition of Cabo Verde Airlines does not have significant effect on Icelandair Group’s financial statements since Cabo Verde Airlines will not be reflected in the group’s consolidated financial statements. The share will classified as an associated company.

Árni Hermannsson, Managing Director of Loftleidir Icelandic:

“The participation in the acquisition of a majority share in Cabo Verde Airlines holds great opportunities for Loftleidir Icelandic, especially in light of the expected growth in passenger demand in Africa in the coming years. We have already participated in the restructuring of the company, and Cabo Verde Airlines’ operations are well suited to Loftleidir Icelandic’s projects around the world. The knowledge and experience already available within Loftleidir Icelandic and its sister companies has come to good use in restructuring the company and will continue to assist in further developments. Further opportunities are related to shared use of airplanes from Icelandair Group’s fleet, and crews where applicable, as is already being done in various projects. In developing connecting routes, we can also draw further on Icelandair’s experience. In the case of Cabo Verde Airlines, we have opportunities for well-organized connecting routes between Europe and South America on one hand, and West Africa and North America on the other, along with West Africa and Europe. The island’s location is ideal for developing connecting flights.”

Top Copyright Photo (all others by the airlines): TACV-Cabo Verde Airlines Boeing 757-2Q8 D4-CBP (msn 30045) AMS (Ton Jochems). Image: 932908.

Cabo Verde Airlines aircraft slide show:

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TACV to resume service to Milan

TACV-Cabo Verde Airlines Boeing 757-2Q8 D4-CBP (msn 30045) AMS (Ton Jochems). Image: 932908.

TACV – Cabo Verde Airlines will restore service to Milan (Mapensa). The carrier will start twice-weekly Ilha do Sal – Milan (Malpensa) service on March 19, 2018 according to Airline Route.

Copyright Photo: TACV-Cabo Verde Airlines Boeing 757-2Q8 D4-CBP (msn 30045) AMS (Ton Jochems). Image: 932908.

TACV aircraft slide show:

 

TACV is coming to Providence, Rhode Island this summer

TACV – Cabo Verde Airlines (Transportes Aereos de Cabo Verde) (Praia, Cape Verde Islands) is coming to T. F. Green Airport in Providence, Rhode Island starting on June 2. The airline will operate two flights a week with Boeing 757-200 aircraft. The airport issued this statement:

Transportes Aereos de Cabo Verde (TACV), announced the start of service from T. F. Green Airport (PVD) to the Cabo Verde Islands beginning June 2, 2015. The airline will offer two weekly flights on 210-seat Boeing 757-200 aircraft to the city of Praia on the island of Santiago on Tuesdays and Fridays through June 30 and will add a third weekly flight on Wednesdays during the peak travel season of July through early September. Additionally, connecting service will be available to other Cabo Verdean islands: Fogo, Sao Vicente, Sal and Boa Vista.

Located about 300 miles off the coast of Senegal, Cabo Verde is renowned for its natural beauty, picturesque beaches, and “morabeza” (Creole for hospitality) of its people. The islands that make up the arrow-shaped archipelago today were discovered and colonized by the Portuguese in the 15th century. Cabo Verde gained independence in 1975 and remains one of Africa’s most stable democratic governments. Both Portuguese and Creole are spoken by many of the 450,000 Cabo Verdeans who call the island nation home.

Copyright Photo: Jacques Guillem/AirlinersGallery.com. TACV-Cabo Verde Airlines Boeing 757-2Q8 D4-CBP (msn 30045) taxies at Paris (CDG).

TACV aircraft slide show:

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TACV to lease two Boeing 737-800s from ILFC

TACV-Cabo Verde Airlines (Praia, Cape Verde Islands) will be leasing two Boeing 737-800s (msn 30039 and 30675) from ILFC. The new aircraft will upgrade the long-haul routes to Europe.

Read the full report (in Portuguese) from Journal de Angola: CLICK HERE

Copyright Photo: Antony J. Best. The pictured Boeing 757-2Q8 D4-CBP (msn 30045) will be retired with the arrival of the two 737-800s.

TACV: 

TACV to upgrade its fleet with two Boeing 737-800s

TACV (Transportes Aéreos de Cabo Verde)-Cabo Verde Airlines (Praia) is planning to acquire two 154-seat Boeing 737-800s in May and June for its European routes.

Copyright Photo: Antony J. Best. One Boeing 757-200 will be retained for the Boston route and may be replaced with a larger in Boeing 767 in the future. Please click on the photo for additional information.

TACV Slide SHow: CLICK HERE

TACV-Cabo Verde Airlines Boeing 757 is the first to land at Sao Pedro Airport

TACV-Cabo Verde Airlines (Praia) yesterday (December 4) performed a test flight with a Boeing 757-200 at the new Sao Pedro Aiport on Sao Vicente. The new airport is being certified for operations.

News link:

www.cabonet.org/news/7-news/644-tacv-boeing-to-land-at-sao-pedro-airport-for-first-time.html

Copyright Photo: Antony J. Best.