Privatizations at SATA postponed until August 2027 and cost up to 400 million euros says Azorean government

The Azores government announced a delay in the privatization of SATA until August 2027, estimating costs between 350 and 400 million euros. The Secretary of Finance, Duarte Freitas, confirmed that they requested an extension from the European Commission due to factors beyond their control, such as regulatory approvals. The privatization process for Azores Airlines and SATA Handling may slide into early 2027, with the government emphasizing the importance of adhering to the restructuring plan to avoid significant financial repercussions. The administration has invited five bidders to submit binding proposals for Azores Airlines by December 9, with the aim of ensuring the airline's viability.