SATA (Portugal) has announced an ambitious plan to achieve $67 million in savings through its financial sustainability plan, which will roll out across 2025. This comprehensive plan includes 40 targeted measures aimed at streamlining operations, improving efficiency, and reducing costs.
Aergo Capital (Ireland) has completed the sale of three DHC8-400 aircraft to Avmax Aircraft Leasing (Canada). The aircraft, with serial numbers 4323, 4332, and 4380, are part of Aergo Capital’s strategic fleet management, demonstrating its ability to successfully transition assets to new owners.
The Azores parliamentary group has requested clarification from the Regional Government concerning a $3 million debt incurred by SATA from a wet lease agreement involving an Airbus A330 from Hi Fly, a Portuguese airline. This debt, which the parliamentary group attributes to SATA’s previous management decisions, has become a significant point of contention in the region. Recently, a court ruling favored both Hi Fly and AELF Aircraft Engine Lease…
