“TACV just did not go bankrupt because it is a public company” – Manuel Inocêncio Sousa


Praia, Feb 1 (Inforpress) – The former Minister of Transport and Infrastructure considers that TACV did not go bankrupt because it was a public company and classified the withdrawal of domestic flights in detriment of Binter as a loss to the country.

During his hearing in the Parliamentary Inquiry Commission (CPI), Manuel Inocêncio Sousa, who headed the Ministry of Transport and Infrastructure from late 2002 to early 2011, claims that the privatization of the Cabo Verdean Air Transport Company always was on the agenda, from the governance of the Movement for Democracy in the late 1990s.

Stresses that the PAICV’s Government approved the decree-law on the privatization of the flag company in 2002, but that it was “not easy” because there were no expressions of interest other than “one or another diligence made by potential interested parties”, but who, upon learning of the reality of the company, no longer manifested themselves.

He said that by 2004 the then Government agreed with the World Bank on a new strategy, that is, to embark on a process of structuring the company in an attempt to make it more attractive by balancing its exploitation for privatization in 2009.