Cape Verde state airline agrees to pay off debt to Aeroportos e Segurança Aérea

2 December 2009

Praia, Cape Verde, 2 Dec – The boards of directors of airport safety company Aeroportos e Segurança Aérea (ASA) and airline Transportes Aéreos de Cabo Verde (TACV) Monday reached agreement on payment of a debt owed by the airline, after two international flights were delayed for three hours.

On Monday morning, two TACV international flights, one to Lisbon and another to Bissau (via Dakar) were held back at Praia international airport due to ASA demanding upfront payment, as the company was unhappy with the fact that it had not received a payment plan for the debt it was owed.

Surprised by this measure, TACV’s board of directors immediately said it would travel to Sal to sort out the situation, which happened in the afternoon, at a five-hour meeting.

ASA’s spokesman, João Paulo Brito said that the debt totalled 1.3 billion Cape Verdean escudos (around 11.9 million euros) and that under the terms of the deal TACV committed to paying off the debt in 138 monthly instalments (11 and a half years) of just over 10 million escudos (90,700 euros).

“This agreement should, meanwhile, be reviewed within two years,” Brito noted whilst providing no further details. (macauhub)