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On paper, Cape Verde would seem to be the ideal place to invest a national carrier.
The volcanic archipelago consists of ten islands located 570km off the west African coast, making air travel the only viable means of getting from one part of the country to another.
Cape Verde's picturesque beaches also serve as a magnet for foreign tourists – half a million of whom visit the island nation each year, typically taking a short flight from western Europe. Travel and tourism currently accounts for 15% of GDP and should grow its share to nearly 19% by 2025, according to the World Travel & Tourism Council.
Throw in the fact that most Cape Verdeans live abroad – guaranteeing a steady flow of VFR (Visiting Friends and Relatives) traffic – and it is hard to imagine TACV Cabo Verde Airlines, the country's flag-carrier, performing badly...