Transportation
Portugal Said to Weigh Sale of at Least 49% in Airline TAP
- Air France-KLM, Lufthansa, IAG have all shown interest in TAP
- The government has made previous privatization attempts
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Portugal’s government is considering selling a stake of at least 49% of TAP SA in its latest attempt to privatize the state-owned airline, according to a person familiar with the matter.
The privatization process is due to start in March and may be concluded at the end of this year or in 2026, said the person, who asked not to be identified discussing information that isn’t public. There are about 12 firms interested in TAP, the person said.