Portuguese charter airline euroAtlantic Airways up for sale

posted on 18th September 2018 by Justin Burns
Portuguese charter airline euroAtlantic Airways up for sale

The chairman and owner of Portuguese charter airline euroAtlantic Airways says the carrier is for sale and it may have a new investor by the end of this month.

Tomaz Metello said the airline is currently in advanced talks with the undisclosed investor, who also owns another airline.

EuroAtlantic expects the deal to go through, as “failure to conclude the deal will be very difficult, given the advanced stage of negotiation,” said Metello.

More information is set to be disclosed once the deal closes.