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SPAC satisfied with the cancellation of the tender for the sale of Azores Airlines
The Civil Aviation Pilots Union (SPAC) today expressed its satisfaction with the annulment and launch of a new tender for the privatization of Azores Airlines, part of the SATA group, announced by the Regional Government.
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Economia Açores
"Over the last few months, the SPAC has been warning about the various inconsistencies in the Azores Airlines privatization process and, very recently, it once again stated that the Newtour/MS Aviation consortium would jeopardize the future of the Azorean company and air transport in the entire Region", the union stated in a press release.
Today, the Government of the Azores announced the cancellation of the Azores Airlines privatization tender and the launch of a new one, claiming that the company was valued at six million euros at the beginning of the process and is now worth 20 million, but denied that reservations about the competing consortium influenced the decision.
In early April, the jury of the Azores Airlines privatization public tender submitted the final report and maintained the decision to accept only one competitor, but admitted reservations about the Newtour/MS Aviation consortium's ability to ensure the company's viability.
The SATA group's Board of Directors, led by Teresa Gonçalves, who has since resigned, also expressed "reservations about the NewTour MS Aviation consortium and about the competitor's limitations" in the opinion sent to the Regional Government.
Today, the SPAC defended that, "if no viable candidates apply in a future tender, the company should not be privatized" and called for the need to ask the European Commission for more time "to demonstrate that the company can be profitable".
The union also defended that, in a new tender, the "suitability, financial stability, experience in the aviation sector and investment capacity demonstrated by the future partner" should be guaranteed and recommended the organization of a "Road Show Privatization Azores Airlines", to promote the airline and ensure the interest of more competitors and investors and "more suited to the objectives of SATA and the Autonomous Region of the Azores".
Read Also: Government of the Azores cancels Azores Airlines tender (and launches a new one) (Portuguese version)
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