Cabo Verde Handling, the company that will provide ground services for aircraft, passengers, luggage, cargo and mail, has already been set up but will remain under the umbrella of Cabo Verde’s (Cape Verde’s) flagship airline Transportes Aéreos de Cabo Verde (TACV) until a buyer is found, Cape Verdean weekly newspaper A Semana reported.

The company has starting capital of 188 million escudos, according to its articles of association, which is the value of the assets and equipment it now owns to provide ground services.

However, Cabo Verde Handling will remain under TACV’s wing until a buyer is found for it which, according to recent statements from Cabo Verde’s Finance Minister at the specialised parliamentary commission of Finance and Budget, is expected to be state airport and air safety agency Aeroportos e Segurança Aérea (ASA).

This solution is seen as a way of paying off debts owed by TACV to ASA.

Splitting TACV’s business areas by creating Cabo Verde Handling therefore “moves ahead with ensuring the economic viability of the company’s two principal business areas.” (macauhub/CV)