BUYING OF THE COMPANY TACV CABO VERDE AIRLINES

BUYING OF THE COMPANY TACV CABO VERDE AIRLINES

In the middle of 2016, Fund Atlantic Global Asset Management bought debt securities of small airline TACV Cabo Verde Airlines.

TACV Cabo Verde Airlines is the only airline which has a fully licensed Class 1 in Cape Verde. The company has a monopoly on all domestic traffic in the region and around the world. Airline tickets are sold at 100% and usually a week in advance. The company also carries out international air traffic passenger and cargo airlines.

t the time of the transaction the company was in a critical condition - almost on the verge of bankruptcy: carried out several dozen flights around the world and had a modest fleet. In addition, most of the park was laid in various banks. As a result, the fund A.G.A.M. bought current airline aircraft with the crew, the chief pilots and the entire infrastructure.

After the final price was established by agreement with the Government of Cape Verde, a deep audit was held and complete restructuring of the company.