Torres: "Naviera Armas will maintain all its routes between the islands"

The President of the Canary Islands confirms that Naviera Armas-Transmediterránea, sold to the bank JP Morgan and three risk funds, will maintain all its connections in the archipelago

EKN

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EKN

April 18 2023 (15:15 WEST)
Meeting of the Canary Islands Executive with the presidency of Armas Transmediterránea
Meeting of the Canary Islands Executive with the presidency of Armas Transmediterránea

The head of the regional Executive, Ángel Víctor Torres, met this Tuesday, at the headquarters of the Presidency of Las Palmas de Gran Canaria, with the owners of Naviera Armas- Transmediterránea after the confirmation, last Thursday, that the company had been sold to the American bank JP Morgan and three risk capital funds, which control about 90% of the company's shares.

After the meeting, Torres conveyed to the citizens of the Canary Islands "the absolute tranquility that all the routes and connections between the islands that this company provided until now will be maintained, apart from the fact that the presidency of the new company will remain in Canarian hands."

Torres considers it key to maintain the lines and connections of any transport company in the islands and, "if possible, improve them, which is the commitment we have obtained today from Naviera Armas-Transmediterránea."

The meeting was also attended by the Minister of Public Works, Transport and Housing of the regional Government, Sebastián Franquis, as well as the president of the Port Authority of Las Palmas, Luis Ibarra.

Armas Trasmediterránea is the leading shipping group in Spain and one of the main ones in Europe in the maritime transport sector for passengers and rolling cargo. It transports more than 5 million passengers annually, with 26 national and international destinations, and has a fleet of 24 ships.

 

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