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Azores Airlines Faces Insolvency Risk If Privatization Fails

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Azores Airlines, the regional flag carrier of Portugal’s Azores archipelago, may be forced to declare insolvency if its ongoing privatization process does not succeed, according to Duarte Freitas, a senior official from the Regional Government of the Azores. The financial exposure in such a case could exceed US$350 million, placing substantial pressure on regional and national stakeholders.

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GlobalX Prioritizes Passenger Aircraft, Defers Cargo Delivery to Late 2025

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