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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, recorded profits of 259 thousand euros during the period analyzed.
SATA International – Azores Airlines offers an offer from Loftleidir-Icelandic carrier to buy 49% of its capital, now missing the firm offer, which expires at the end of the month.
The SATA group announced in 17 in April, Loftleidir Icelandic was shortlisted for the second phase of the sale 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 "respect" the maintenance of the fleet renewal plan initiated with the A321 NEO.
The candidate must also promote "respect for the operation" which includes the liberalized routes between Ponta Delgada and Lisbon, Ponta Delgada and Porto, Terceira and Lisbon, and Terceira and Porto.
The interested potential still has Lisbon and Pico, Lisbon and Santa Maria, Ponta Delgada and Funchal, as well as the connection of Ponta Delgada to Frankfurt, as well as the roads of Terceira and Ponta Delgada with Boston and Oakland, in the United States , and Toronto, Canada
The potential buyer must retain the identity of the company, the autonomy of the operator, its corporate name and the brand Azores Airlines, between other elements of identification, 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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