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SATA Internacional, which covers the activities of the airline outside the Azores, recorded a loss of 14.5 million euros in the first three months of the year, according to official documents
. Regional to the Legislative Assembly of the Autonomous Region of the Azores (ALRAA), and to which the Lusa agency had access, to the loss of SATA Internacional adds a negative net income of 708 thousand euros. euros SATA Air Azores, responsible for air links within the archipelago
The SATA accounts for 2017 are not yet known, and the latest known data, between January and September 2017, indicate losses of 20 , 6 million euros on SATA Internacional and 4.54 million on SATA Air Azores
The information sent by the regional executive to the Azorean parliament does not include any comparison with the homologous period, but cover all public sector enterprises.
Still in the transport sector, Atlânticoline, which provides maritime connections between passengers and cars between the Azores islands, recorded profits of 259 thousand euros during the period analyzed.
SATA International – Azores Airlines offers an offer from the carrier Loftleidir-Icelandic to buy 49% of its capital, now missing the firm offer, which expires at the end of the month.
The SATA group announced in April 17, that Loftleidir Icelandic was shortlisted for the second phase of the sale process of 49% stake in Azores Airlines.
According to the terms and conditions of the capital provision of the Azorean operator, the future shareholder of Azores Airlines will have to "comply" with the update of the renewal plan of the fleet initiated with A321 NEO.
The candidate will also promote " minimum regular air operation compliance ", which includes the links between the mainland and the Azores, namely the liberalized routes between Ponta Delgada and Lisbon, Ponta Delgada and Porto, Terceira and Lisbon, and Terceira and Porto.
The potential concerned must also provide public service links between Lisbon and Horta, Lisbon and Pico, Lisbon and Santa Maria, Ponta Delgada and Funchal, as well as the Ponta Delgada link with Frankfurt, as well as the Terceira routes. and Ponta Delgada with Boston and Oakland, United States, and Toronto, Canada
The potential buyer must maintain the identity of the company, the autonomy of the operator, its Company name and Azores Airlines brand, among other identifying elements, as well as a contribution to local employability.
The share capital of the SATA group is held by a single shareholder, the Autonomous Region of the Azores
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