Cabo Verde

Cabo Verde

Government privatises national airline

01 Mar 2019

On 1 March 2019 the Government of Cabo Verde sold 51% of its stake in Transportadora Aérea Cabo-verdiana (TACV), the national airline, to Loftleidir Cape Verde (a subsidiary of Icelandair Group). Loftleidir had been managing the restructuring process of the national airline since 2017.

Nature of measure:
  • Liberalization
Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Services (Transportation and storage)
Inward FDI:
No
Outward FDI:
No
Sources: