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Tag: Azores Airlines

Azores Airlines Receives Offer from Loftleidir Icelandic

Azores Airlines, the Portuguese airline based in Ponta Delgada, previously known as SATA Internacional, has received a proposal from Loftleidir Icelandic for the acquisition of 49 percent of the company. Loftleidir Icelandic, also known as Icelandic Airlines, the private Icelandic airline, has already received authorization in a pre-qualification during the initial stages of the sale […]

More Time Given to Loftleidir-Icelandic to Present Offer to Azores Airlines

A 49 percent stake in Azores Airlines is still for sale and the original deadlines for receiving offers have been extended of Loftleidir-Icelandic. Loftleidir-Icelandic, previously known as Icelandic Airlines, has received an extension for the second time, as the company missed the latest deadline set for the process. The carrier will now have an additional […]

Icelandair Group with Potential Acquisition in Azores Airlines

Loftleidir Icelandic, a subsidiary of Icelandair Group, has announced its interest in taking ownership in Azores Airlines, a Portuguese airline with debts of approximately $250 million. The Group’s plan is to acquire 49 percent stake in the company and so far is the sole qualified possible buyer. An Expression of Interest was issued by Grupo […]