close
{loadposition cpanel}
Home 
General Information News Archives 23/07/07 - Cape Verde delays privatization of national airline
General Information News Archives 23/07/07 - Cape Verde delays privatization of national airline | 23/07/07 - Cape Verde delays privatization of national airline |
|
|
|
 The government of Cape Verde has decided to keep a controlling state in national airline TACV and will allow other companies to seek partnerships in the carrier, officials have said. Praia government spokesperson Cristina Fontes Lima said Friday that TACV’s share capital is to be raised “and then an IPO will be considered” to privatize the airline. TACV has been managed by Sterling Merchant, an investment banking firm, since January to prepare the privatization process, due to occur later this year or early 2008.
Under the restructuring program Some 100 TACV workers have been made redundant and many of the airline’s offices have shut, meaning tickets can only be bought in Praia at the city’s airport. Source : Macahub |
Property Buying Brochure
Download our complete guide to buying property in Cape Verde. View Online Book / View PDF
Development Site Reports |  |