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Ponta Delgada ,  July 16, 2018

Regional Government increases SATA Air Açores' share capital by 27 million Euros

On July 2, the Council of the Government approved a resolution with the aim of increasing SATA Air Açores' share capital by 27 million Euros, through the subscription of 5,400,000 new shares.
 
This capital increase maintains the Autonomous Region of the Azores as exclusive shareholder of SATA Air Açores.
 
The decision aims to improve the company's liquidity and ensure its economic and financial strength, which will allow the company to fully accomplish its corporate purpose of air transport services.
 
The increase of SATA Air Açores' capital falls within the comprehensive restructuring of the public business sector in the Azores that has been outlined by the Government of the Azores. It is primarily intended to reinforce the economic and financial strength of the companies owned by the Region.


GaCS/SRTOP
 
 
 
 
 
   
 

Official government press-releases presented in all foreign languages interfaces of the Azorean Government Portal (Portal do Governo dos Açores) are a sub-set of the government's official press-releases daily output and are chosen for translation and publication on the foreign language interfaces based on audience segmentation criteria. The entire collection of the Azorean government press-releases is available in portuguese, here, from the GACS Press Office site.

 
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