Portuguese Investor António Moreira Proposes €17 Million Acquisition of Azores Airlines
Portuguese investor António Moreira, through UK-based ALM Investment Holding, has made a proposal to acquire 85% of Azores Airlines for 17 million euros with a commitment to invest up to 500 million euros following debt restructuring. The privatization process has attracted 6-8 interested parties including Icelandair and Binter.