INSUBCONTINENT EXCLUSIVE:
The Portuguese government plans to sell at least 49% of TAP Air Portugal, marking a significant step in privatizing the state-owned airline
Sources confirm the process will begin in March 2025, with completion expected by late 2025 or 2026.The move aims to attract private
This represents a 20.9% increase from the previous year.It also transported nearly 16 million passengers, reflecting gradual recovery
However, TAP remains heavily indebted, prompting the government to seek private-sector involvement.The privatization has drawn interest from
over 12 companies, including major European airline groups
These include Lufthansa, Air France-KLM, and IAG, which owns British Airways and Iberia.Portugal Advances TAP Air Portugal Privatization
growing North American connections
diaspora.A previous plan to sell a majority stake faced political opposition, leading to this revised approach of selling a minority share
Portugal.The government must balance investor expectations with public concerns over job security and service quality
It may also offer insights into broader market trends in European airline privatizations.
