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NNA - وسام السعفات الأكاديمية الفرنسي للخوري جان بول أبو غزاله أولانيون: إنه إنساني ورجل محب للاطلاع وشغوف بالمعرفة
وطنية - تسلم رئيس مدرسة الحكمة في بيروت الخوري جان- بول أبو غزاله، من مستشارة التعاون والعمل الثقافي في السفارة...
NNA - Lancement des activités du Centre des femmes journalistes arabes - Liban
ANI - C'est sous le patronage du ministre sortant du Tourisme Avedis Guidanian et en coopération avec le ministre sortant...
NNA - President of the Republic, General Michel Aoun meets Arab female journalists delegation
NNA - President of the Republic, General Michel Aoun, received in Baabda a delegation of Arab female journalists, in the...
NNA - Saudi Ambassador to Lebanon, Walid Bukhari honors Arab pioneering women in journalism
NNA - Saudi Ambassador to Lebanon, Walid Bukhari, on Friday honored Arab creative women journalists at a ceremony held on...
NNA - فارس يواكيم فاز بجائزة الشيخ حمد للترجمة والتفاهم الدولي

وطنية - أقيم في الدوحة حفل تكريم الفائزين بجائزة الشيخ حمد للترجمة والتفاهم الدولي في دورتها الرابعة. وحضر عدد من...
NNA - Faible secousse sismique ressentie au Liban nord
ANI - Une faible secousse sismique a été ressentie vendredi vers 17 heures 30 par les habitants de Tripoli et...
NNA - National Defense Minister signs military cooperation agreement with Brazilian Minister
NNA - Caretaker National Defense Minister, Yaacoub Sarraf, on Friday signed a military cooperation agreement with Brazilian State Minister for...
Lusa - Business News - Angola: Finance minister expects economic growth in 2019
Luanda, Dec. 14 (Lusa) - Angola's finance minister, Archer Mangueira, said 2019 would be a year of "economic growth" for...
Lusa - Business News - Portugal: Police detain two thieves targetting tourists
Lisbon, Dec. 14 (Lusa) – Portugal's Police detained two people this week for allegedly robbing tourists staying in downtown Lisbon....
CNA - وزارة الخارجية تؤكد مجدداً على العلاقات الممتازة بين قبرص وروسيا
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
تم إعادة التأكيد على المستوى الممتاز للعلاقات الثنائية بين قبرص وروسيا...
HINA - Frontex coming to Croatia-Bosnia border
ZAGREB, Dec 13 (Hina) - Teams of the European Border and Coast Guard Agency (FRONTEX) are soon to arrive on...
Lusa - Business News - Mozambique: Four miners killed in collapse
Maputo, Dec. 14 (Lusa) - Four miners were killed at a mine in Sussundenga, in the province of Manica in...
Lusa - Business News - Portugal: SMEs to have access to €200 million credit line
Porto, Dec. 14 (Lusa) – The European Investment Bank and the Development Finance Institution approved a credit line worth €200...
|CNA - هنغاريا تعتبر استخراج ونقل الغاز الطبيعي من حقل أفروديت أمراً واقعياً
وكالة الأنباء القبرصية - قبرص /نيقوسيا - مهى ميخائيل
صرح وزير الخارجية بيتر سيجييارتو بعد محادثاته مع نظيره القبرصي...
EFE - SPAIN SOCCER - Real Madrid gets ready for La Liga clash vs Rayo Vallecano
Madrid, Dec 14 (EFE).- Real Madrid held a training session Friday, wrapping up preparations for the club's final La Liga...
Lusa - Business News - Cape Verde: President says free circulation of people his 'priority'
Lisbon, Dec. 14 (Lusa) - Cape Verde's president, Jorge Carlos Fonseca, said on Friday that one of his main priorities...
CNA - وزير الدفاع يلتقي نظيره الايرلندي في دبلن
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
التقى وزير الدفاع القبرصي سافاس انجيليديس في دبلن مع نظيره الايرلندي...
CNA - Job vacancies significantly up in Q3 2018
CNA - Cyprus/NICOSIA
The number of job vacancies was significantly up in the third quarter of 2018, data released by...
Lusa - Business News - Angola: $3.7Bn loan 'enough' to support reforms - Minister
Luanda, Dec. 14 (Lusa) – Angola’s government said on Friday that a $3.7 billion loan that the International Monetary Fund...
CNA - الرئيس يستقبل مبعوث الأمين العام للأمم المتحدة صباح الأحد
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
يستقبل الرئيس القبرصي نيكوس اناستاسياديس صباح يوم الأحد مبعوث الأمين...
Lusa - Business News - Portugal: Prime minister 'concerned' regarding EU budget deadline
Brussels, Dec. 14 (Lusa) – Portugal's prime minister, António Costa, expressed concern in Brussels on Friday regarding negotiations for the...
CNA - التصويت على ميزانية 2019 اليوم
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
يصوت مجلس النواب بعد ظهر اليوم الجمعة على ميزانية الدولة لعام...
Lusa - Business News - Guinea Bissau: Country sees economic slowdown as cashew exports decline
Bissau, Dec. 14 (Lusa) - The National Credit Council of Guinea-Bissau said on Wednesday that the country had experienced an...
Lusa - Business News - Portugal: Dock workers reach agreement with port operators
Lisbon, Dec. 14 (Lusa) - Portuguese dock workers have reached an agreement with port operators for the integration of 56...
Lusa - Business News - Angola: Parliament approves 2019 budget bill
Luanda, Dec. 14 (Lusa) - The Angolan parliament on Friday approved the State Budget for 2019, with 133 votes in...
Lusa - Business News - Portugal: Former BES director wants BdP, KPMG to compensate state in €4.3B
Lisbon, Dec. 14 (Lusa) - The former finance director of collapsed Portuguese bank Banco Espirito Santo on Friday is to...
CNA - Hourly labour costs grew both in Cyprus and the Eurozone by 2.5% during Q3 2018
CNA - Athanasios Athanasiou - Brussels
Hourly labour costs rose by 2.5% in the euro area (EA19), by 2.7% in the...
Lusa - Business News - Portugal: Quarry accident forces reflection on planning - Association
Lisbon, Dec. 14 (Lusa) – The vice-president of the Portuguese Association of Manufacturers of Marble, Granite and Related Enterprises (ASSIMAGRA)...
Lusa - Business News - Portugal: PSI20 falls 0.31% to 4,808.15 points
Lisbon, Dec. 14 (Lusa) – The Lisbon stock exchange opened in negative territory on Friday with the main benchmark index,...
Lusa - Business News - Portugal: Top headlines on Friday
Lisbon, Dec. 14 (Lusa) – The headlines in the Portuguese press on Friday include the news that a year after...
Lusa - Business News - Portugal: SATA Internacional loss to shrink up to 50% in 2019 - Azores premier




Açores, Portugal, Oct. 10 (Lusa) – The premier of Portugal's Azores region said on Wednesday that SATA Internacional, the international arm of region-owned airline group SATA, should next year reduce its losses by between 40% and 50%, while SATA Air Açores, whose aircraft ply routes within the archipelago, would break even.
In comments to regional public television channel RTP Açores, Cordeiro said that the expectation was that SATA Air Açores would have "a balanced result" next year, "that in 2020 it will continue on that course, [and] that SATA Internacional in 2019 will reduce significantly, in the order of 40 to 50 per cent, its losses, that it continue on that course of recovery in 2020, and in 2020 or 2021 might also have balanced results,” said Vasco Cordeiro, who is also regional leader of the Socialist Party.
The region's premier made the comments two days after the SATA group announced a second-quarter loss of €38 million, having already lost €14.5 million in the previous quarter. SATA Internacional - which operates the Azores Airlines brand - accounted for €28 million of the €38 million, while SATA Air Açores lost some €3.7 million.
The group last year suffered the largest loss of its history, at €41 million - almost three times larger than the 2016 loss, of €14 million.
Cordeiro told RTP that the company's board of directors were working in several areas to turn the financial situation around, including a restructuring plan involving bank finance and an operational overhaul of SATA Air Açores and SATA Airlines.
He said the crisis the flag carrier faced was “similar to the situation facing many other airlines in the world” and said it was down to both internal and external factors.
Loftleiðir Icelandic, part of the Iceland's Icelandair group, in July submitted a non-binding proposal to buy 49% of SATA group's shares, but no final decisions have yet been taken in this process, the group's chief executive, António Luís Gusmão, said on 13 September.

ILYD/MWYP
Lusa


Agency : LUSA

Date : 2018-10-11 09:23:11







 

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