In from the cold: Cape Verde Airlines, Africa’s Icelandair
Cape Verde Airlines has always been a small and financially poor-performing airline with inconsistent capacity development, vividly highlighted below.
Cape Verde Airlines sits in narrow-body range of Europe, North America, South America and (mainland) Africa. Within 4,000 miles of Sal, the airline’s hub, are all relevant areas of Europe and large amounts of South America, Africa and Eastern USA. Its existing and announced routes are all in an eight-hour radius. Some, like Fortaleza, have a flying time of about 3.5 hours.
Its geographic position is not lost on its new owners, Loftleidir Cabo Verde, which has acquired 51%. Most of Loftleidir Cabo Verde is owned by Loftleidir Icelandic, which in turn is owned by the Icelandair Group. And recently, Jens Bjarnason, a former SVP at Icelandair, became CEO of Cape Verde Airlines.
Connections and tourism are crucial for Cape Verde Airlines in its quest to become ‘Africa’s Icelandair’. Bjarnason said: “Our goal is to keep growing in a sustainable way, emulating Icelandair’s successful business model… we now have a new mission, which is to connect these four continents.”
Tourism, connections and ethnic travel
Cape Verde expects three million tourists by 2030, up from 760,000 in 2018. Key countries for tourism are the UK, France, Netherlands and Germany.
Cape Verde, a former Portuguese colony, has strong connections with Portugal, including diaspora. In addition, it plays an important role in linking Portuguese-speaking countries. It serves Lisbon daily and links it to Brazil and, from later this year, Angola. There are 100,000+ Cape Verdean diaspora in the USA, mainly in New England, which accounts for its Boston service.
Some routes are virtually on the great circle, such as:
- Washington-Sal-Lagos, at 74 miles longer than a non-stop would be
- Lisbon-Sal-Salvador deviates by one mile
- Paris-Sal-Porto Alegre is three miles longer than a non-stop would be
With highly coordinated waves with one-to-two hours on the ground, Cape Verde Airlines is focusing on quick and easy connections.
Arrivals from African and South American cities arrive ~0630-0730 and depart soon after to Europe and the USA. These arrive back in the mid-evening – the next day for the USA – to connect onwards. For example:
- Recife-Sal-Lisbon: 0105 – 0710; 0840-1445
- Lisbon-Sal-Recife: 1740-1950; 2150-0002+1
Potential new European routes?
Clearly, new routes will need to fit into the above pattern for connectivity. Based only on passenger traffic to its served destinations and removing those flying non-stop, the following are possibilities:
- London: 281,900
- Porto: 102,200
- Barcelona: 92,300
- Madrid: 87,200
- Geneva: 70,800
- Frankfurt: 67,300
- Zurich: 62,200
- Amsterdam: 59,600
- Munich: 53,100
- Brussels: 51,600
Despite the obviousness of London, the author’s bet is on Porto: all except Luanda are unserved, there’s strong demand, it’s in Portugal, it is the closest, there is minimal mileage deviation to most destinations, and aside from TAP over Lisbon, there’s almost no choice to Brazil, in particular, without detouring.