Portuguese charter airline, euroAtlantic Airways, is for sale and may have a new investor by the end of September 2018, according to chairman and owner, Tomaz Metello.

The airline is currently in advanced talks with the undisclosed investor, who also owns another airline.

EuroAtlantic expects the deal to go trhough, as "failure to conclude the deal will be very difficult, given the advanced stage of negotiation," said Mr. Metello.

More information to be disclosed once the deal closes.