Choice of partner for Sao Tome and Principe airline postponed

22 February 2007

Lisbon, Portugal, 22 Feb – The choice of a partner for the new airline of Sao Tome and Principe has been postponed, said the chairman of the founding committee of STP Airways, Felisberto Neto, said in Lisbon.

Speaking to Portuguese news agency Lusa, Neto said that the deadline for the final decision, which ended Tuesday, had been postponed for 30 to 60 days, as there had not been enough time to analyze the proposals presented.

The company’s interested include EuroAtlantic, owned by Portuguese tourism group Pestana, and Air Gemini, an Angolan airline controled by Escom, of the Espirito Santo Group.

Neto said that no deal had yet been done or was in the process of being done with Angolan airline TAAG, but a partnership agreement had been signed, as part of which, TAAG had launched its Luanda/Sao Tome/Lisbon route on February 12.

The operation involves the sale of some 10,000 shares at a unit price of US$200, representing 65 percent of the capital of STP Airways, the company that has replaced Air Sao Tome, which lost its only aircraft in a crash last year. (macauhub)