SATA Holding has fixed 21 September 2026 as the deadline for non-binding bids to acquire at least 75% of Azores Airlines, advancing the carrier’s privatization under its EU-approved restructuring plan. Prospective investors must submit a Suitability and Compliance Form (FIC), financial capacity declaration, and genuine interest statement by 6 September 2026 to qualify for the non-binding phase. The sale process follows a failed 2023 public tender and shifts to direct negotiation, requiring bidders to demonstrate integrity and capital strength before advancing to binding offers. Evaluation criteria include purchase price, financial support commitments, regulatory compliance, long-term ownership stability, and labor protections, with the successful bidder barred from collective layoffs for 30 months post-transaction.