Loftleidir Icelandic submits proposal for 49% stake in Azores Airlines

Editor -

Icelandic airline Loftleidir Icelandic submitted a proposal for the acquisition of 49% of the capital of Azores Airlines, having already been pre-qualified in the first phase of the process.

"The proposal will now be analyzed by SATA Air Açores.

The capital of the SATA Group is held by a single shareholder, the Autonomous Region of the Azores.