Air France-KLM Still Interested in TAP Deal
5 Articles
5 Articles
The Executive President of Air France-KLM foretold that the group would remain interested in the TAP and is studying whether it would make sense to invest in a network perspective, but it says it is still very soon to comment.
Although Air France KLM had so far not confirmed its interest in Air Europa, it has been official to announce the cessation of the negotiations.The group’s CEO, Benjamin Smith, has assured that it has not been possible to reach an agreement with the current owners of the company, Globalia, and that they are now focused on another Iberian airline, the Portuguese TAP. Statements that come close to fulfilling one year of the failure of IAG’s attemp…
The President of the French-Netherlands Group says that it continues "to study whether it makes sense of the financial perspective" to advance to privatization of the TAP and admits that it may rest in the intention of buying if it concludes that the margins obtained by future synergies are not satisfactory
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