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Loftleidir initiates ICC claim against Cape Verde over renationalisation of flag carrier Cabo Verde Airlines

Photo by Ross Parmly / Unsplash

According to international media reports, Icelandic-owned Loftleidir Cape Verde has lodged a claim with the International Court of Arbitration (ICC) against Cape Verde after the government of that African country approved, by Decree-Law No 45/2017, the privatisation of the share capital of flag carrier Transportes Aéreos de Cabo Verde, SA (TACV) – commercially known as Cabo Verde Airlines (CVA).

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