Automobiles In 1921 Medeiros e Almeida bought, along with a friend, his first car, a
Morris Cowley. Passionate about cars, he participated in automobile races, namely in the circuit of Rampa da Pimenteira. António Medeiros e Almeida decided early on to invest in the import of automobiles, an activity that was still in its beginnings in Portugal. He established contact with the English manufacturer William Morris (1877 - 1963), whom he asked for the consignation of the first cars. Having appreciated the young entrepreneur's pledge of his word as a guarantee,
Lord Nuffield gave him a vote of confidence and he became, from 1923 onwards, the importer of Morris, Mg, Wolseley e Riley for Portugal, opening a stand -
A.M. Almeida Lda. - in rua da Escola Politécnica 39-39A, in Lisbon to sell the cars. In 1926 he became the Morris exclusive importer for Portugal. Initially, the business did not go exactly as the businessman had hoped. English cars did not drive well on Portugal's cobblestone roads. An alteration in the cars’ suspension in 1932, with the arrival of the
Morris Ten model, led sales to soar and the business to prosper. To provide after-sales assistance, he opened a Morris service station at Conde Barão garage and a parts and accessories store in the nearby area. In 1955, A.M. Almeida was dissolved having been replaced by another firm with the same name, extended, now to other partners and intending to import other car brands beyond the Morris group. In this new company, António Medeiros e Almeida was no longer the figurehead, remaining, however, linked to this business: “…in 1955 I sold my fraction in the firm A.M. Almeida created by me, and I can say that the automobile business was the indicator and promoter of what is today the Medeiros e Almeida Foundation.”Later, in 1962, he was one of those responsible for the creation of the Citroën car factory, in
Mangualde, of which he became chairman of the board of directors.
Aero Portuguesa An enthusiast of speed and technology, António Medeiros e Almeida was one of the pioneers of civil aviation in Portugal. In 1941 as the administrator of Bensaúde & C. ª, he was one of five Azorean investors who bet on the creation of the Sociedade Açoriana de Estudos Aéreos Limitada (SAEAL), to create aerial connections between Lisbon and the archipelago (nowadays SATA). In May 1948, he bought
Aero Portuguesa, a regular air traffic company, founded back in 1934, that was struggling with financial problems. Initially, Aero Portuguesa continued to chart an airplane from
Air France, for the flights from Portugal to North Africa. Later, Medeiros e Almeida purchased this plane from Air France, for 38 thousand dollars, an irrefutable sum in a war-torn Europe. After the purchase, he started to improve the passenger experience ordering, for the first time in Portugal, music and blue glass shields to be installed, so that passengers could enjoy the view without being disturbed by the sun. Aiming at maximizing the safety and comfort of its passengers, Medeiros e Almeida also hired, for the first time, a full cabin crew with a pilot, a co-pilot, a mechanic, a telegraph operator, and a flight attendant. Despite the high profitability of his company, in 1953 Medeiros e Almeida decided to merge it with
TAP (which had been created in 1945). Conscious that his sixty employees could be put in jeopardy and left destitute, Medeiros e Almeida set the condition that his employees were all to be hired by TAP. He would remain one of TAP's main shareholders and chairman of the Board of Directors of the company, a position he would hold until 1960 when he decided to leave and transfer the capital he held to SATA.
Azores – Alcohol, Sugar, Bensaúde & C. ª In the early 1940s, António Medeiros e Almeida was already a prestigious businessman, who successfully managed his car company and the Azorean businesses inherited by his father's death in 1936, including participation in the União das Fábricas Açorianas de Alcohol (UFAA), factories that produced industrial alcohol and sugar from sugar beet molasses. In 1967, the businessman founded SINAGA - Sociedade de Indústrias Agrícolas Açoreanas SARL, which had two factories on the island of São Miguel, Santa Clara (sugar) and Lagoa (alcohol), and was chairman of the Board of Directors until his death.
Bensaúde & C. ª As part of the business connection with the Azores archipelago, he dealt closely with Vasco Elias Bensaúde (1896 - 1967), owner of Bensaúde & C. ª, a business group founded in 1820, with which the Medeiros e Almeida family had business together. The spectre of a German invasion during the
Second World War, led Vasco Bensaúde, of Jewish origin, to offer a partnership to António Medeiros e Almeida. In 1941 he temporarily transferred the entire family business share to his friend, who assumed the role of managing partner of the company. At the end of the war, the shares were returned to their owners and later, in 1965, Medeiros e Almeida asked Vasco Bensaúde to find his replacement so that he could depart from the business world and dedicate himself to the transformation of his house into a museum. His departure from Bensaúde & C. ª would only take place in 1967, after Vasco's death. “Funchal” steamer inauguration, Empresa Insulana de Navegação – António de Medeiros e Almeida and Vasco Bensaúde, February 1961 Over the twenty-six years he was at the forefront of this Azorean emporium, Medeiros e Almeida was responsible for the economic growth of the firm, simultaneously managing ”... twenty-one companies, all of them making a profit”. Among these were the Açoriana de Transportes Aéreos (SATA), Banco Micaelense, Companhia de Seguros Açoreana, Fuel Oil Station, JH Ornelas & C. ª, Mutualista Açoriana, Varela & C. ª and Society of Coal and Supplies of Faial. The airport on the Island of Santa Maria, officially opened in 1945, owes its existence to the efforts of Medeiros e Almeida.
Hotels In 1952,
Oliveira Salazar, thinking that Lisbon lacked a large international hotel, asked the banker Ricardo do Espírito Santo Silva to take over the project. In 1953, SODIM was created by a consortium of Portuguese bankers and industrialists including António Medeiros e Almeida, Vasco Bensaúde, Manuel de Mello, António Manuel de Almeida, Caetano Sanguinetti Beirão da Veiga, Manuel Cordo Bulhosa and José Eduardo de Barros Guedes de Sousa to build the hotel. The architect
Porfírio Pardal Monteiro worked with others on the project, namely Jorge Ferreira Chaves and with the most famous visual artist of the time such as
Almada Negreiros, Jorge Vieira, Querubim Lapa,
Sarah Afonso, Lagoa Henriques,
Carlos Botelho,
Jorge Barradas and Fred Kradolfer who contributed to the hotel's interior design. Medeiros e Almeida was also a partner of the CUF Group at SALVOR Sociedade de Investimento Hoteleiro S.A.R.L., a company established in 1963 and responsible for the construction of the Alvor Hotel in the Algarve, a project by the architect Carlos Ramos (1897-1969). == Honours ==