Praia, Feb. 10, 2026 (Lusa) - Cabo Verde's government has granted a €29 million guarantee to Transportes Aéreos de Cabo Verde (TACV) to strengthen its financial sustainability and ensure operational continuity, according to a resolution published in the Official Gazette.

"TACV intends to renegotiate and consolidate its financial responsibilities in order to optimise the conditions of its operations, particularly in terms of rates and maturity," according to the document published on Monday.

In this context, the company proposes to issue a senior bond for 3.2 billion escudos (€29 million) with a ten-year term, to be carried out through the Cabo Verde Stock Exchange, with the State's endorsement as a guarantee for the operation.

According to the government, TACV plays a strategic role in the country's transport policy, promoting air connectivity, developing tourism and establishing Cabo Verde as an international business platform in the Mid-Atlantic.

The measure is part of the company's financial stabilisation and restructuring process, which aims to ensure more efficient cash management and balanced cash flows.

The executive justifies granting the guarantee on the grounds that the public interest in maintaining the company's activity is strategic to the archipelago's connectivity and economic development.

RS/ADB // ADB.

Lusa