Cabo Verde airline may be shut down

15 November 2016

The Prime Minister of Cabo Verde (Cape Verde) on Monday admitted the possibility of dissolution of the country’s flagship airline, Transportes Aereos de Cabo Verde (TACV), but gave assurances that the government will do everything to avoid this scenario, reported the Cape Verdean press.

Ulisses Correia da Silva said the “company’s health is complicated” and the government was working with the World Bank to find a strategic partner for TACV so it “can continue to fly.”

The Cape Verdean airline faces financial troubles and the government is working on a restructuring plan with a view to its privatization, a plan that would include cuts in operational expenditure and staff dismissals.

“We are creating the conditions for its restructuring and then for its privatisation and fundamentally looking for a solution to the privatisation of the international business,” said Ulisses Correia e Silva.

The Prime Minister of Cabo Verde was attending the naming ceremony of one of the aircraft of Canary island airline Binter, which since Saturday has provided a link between the Cape Verdean islands of Santiago, Sao Vicente and Sal.

The ceremony, along with the Prime Minister, was attended by several Cape Verdean ministers and a delegation from the Canary Islands led by the president of the government, Fernando Clavijo Batlle, who is in Cabo Verde for the summit between the two regions, on Tuesday in Praia. (macauhub)