Cabo Verde Airlines has received a bid for 51% of its shares from Loftleidir Icelandic, Icelandair’s charter arm, and a group of Icelandic investors. The consortium plans to build the islands’ international airport as a hub for connecting flights as well as develop tourism.
Loftleidir Icelandic managing director Árni Hermannsson told media the deal anticipated “the expected growth in passenger demand in Africa in the coming years”.
“We have already participated in the restructuring of the company, and Cabo Verde Airlines’ operations are well suited to Loftleidir Icelandic’s projects around the world,” he said.
