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Teresa Gonçalves appointed as Executive Chairwoman of SATA Holding

Also, SATA Air Açores and Azores Airlines, SATA’s group airlines, announced that 5,800 passengers have voluntarily contributed to IATA’s Carbon Offset Program.

PONTA DELGADA – At the General Meeting, Teresa Gonçalves was officially appointed as Chairwoman of SATA Holding and also of the subsidiaries SATA Internacional – Azores Airlines, SATA Air Açores, and SATA Gestão de Aeródromos.

Teresa Gonçalves has a postgraduate degree in Finance from Nova School of Business and Economics, a postgraduate degree in Competition and Regulation from Lisbon University’s Faculty of Law and a degree from Católica Lisbon School of Business and Economics. She has been with the company since 2020 as an Executive Board Member, having so far held the position of Chief Financial Officer (CFO) of the SATA Group.

Besides Teresa Gonçalves, the new executive members of SATA’s Board of Directors took office today: José Roque, as Flight Operations General Director at SATA Holding; and Dinis Modesto, who will be the new CFO (Chief Financial Officer) of the group. Bernardo Oliveira and João Ponte remain as non-executive Directors.

José Carlos Laia Roque has a degree in Industrial Production Engineering in the field of mechanical constructions from Universidade Nova de Lisboa, Faculty of Sciences and Technology. Over the years, he added specific training in Aircraft Maintenance and Engineering, among other specializations. He has worked as a Specialist Engineer at OGMA, TAP, Mobil, Petrogal and joined SATA Internacional’s staff in 1998 as General Director of Maintenance and Engineering. He was appointed Flight Operations General Director in August 2021 and Executive Director of SATA Holding, with the role of COO (Chief Operational Manager) in 2023.

Dinis Miguel Carvalho Modesto has a degree in Economics from ISCTE (University Institute of Lisbon) and an Executive Master’s in Management from Católica Lisbon School of Business & Economics. He has more than 10 years of experience as a Finance Director in different sectors and a consolidated knowledge of 17 years in finance, management control and business
development. He was recently Finance and Procurement Director at Cellnex Portugal, a subsidiary of Cellnex Telecom (CLNX), which bought the first independent telecommunications tower company in Portugal, OMTEL, in 2020, as a result of the spin-off of the Altice Tower Business unit, a project he managed directly. Furthermore, he began his professional career at Portugal Telecom (now Altice) in 2005, where he was responsible for planning and management control, Corporate Finance and M&A, and financial areas in several sectors of activity, including telecommunications, health services, shared services and financial services. Throughout his career he had the opportunity to participate in projects to create new companies, sell assets, implement
organizational changes, explore and implement business development opportunities.

“It’s a great honor to serve as the Chairwoman of SATA Holding. I made the firm decision to stay with the company, alongside the employees and the shareholder, at a time when we are implementing the group’s restructuring process and have started the public tender for the sale of SATA Internacional – Azores Airlines”, says Teresa Gonçalves, new CEO of SATA Holding.

“Both processes are ongoing and running normally, which makes us feel calm about their future development. Regarding the operational context, we are watching an increase in demand compared to 2022, so everything indicates that we will once again set a new revenue record, which boosts our confidence in the future”, adds Teresa Gonçalves.

Also, SATA Air Açores and Azores Airlines, SATA’s group airlines, announced that 5,800 passengers have voluntarily contributed to IATA‘s Carbon Offset Program. This achievement was only possible thanks to the airline’s passengers, who are very sensitive to their emissions and took advantage of the Program made available by SATA’s airline in association with IATA.

Their solidarity will help to support the development of worldwide sustainable projects. It is an excellent sign, which can only motivate an applause to all the passengers who have joined the cause.

SATA Azores Airlines launched its Voluntary Passenger Carbon Offset Program (based on the International Air Transport Association’s (IATA) Carbon Offset Program) on March 24, 2022.

The Carbon Offset program allows passengers to offset carbon emissions from their flights. When booking, passengers have the chance to support ongoing sustainable projects aligned with the United Nations Sustainable Development Goals (SDGs) in different regions across the planet.

Passengers who have already donated to SATA Azores Airlines Carbon Offset Program are contributing to the “Ecofiltro Guatemala Improved Stoves and Water Purification” project. This project improves the health conditions of rural families in Guatemala by providing high-quality stoves to replace the traditional and inefficient fires used for cooking. The project also contributes to offering high-quality water purification equipment (eco-filters) to increase potable water access.

Currently, the IATA Offset Carbon Program does not have projects in Portugal; however, if some become available, SATA Azores Airlines wishes to make them available for passengers to support.

IATA’s Carbon Offset Program represents a step towards reinforcing the airline’s sustainability strategy for the coming years. In addition to the renewal of the Azores Airlines fleet, which allows a more significant volume of reduction in CO2 emissions, other incremental processes are taking place simultaneously in several areas of the Group’s activities. SATA Azores Airlines also joined the IEnvA Program, supported by IATA, and the CELE (EU) and CORSIA (ICAO) decarbonization programs.

Vicky Karantzavelou
Co-Founder & Chief Editor - TravelDailyNews Media Network | Website

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.