48 Articles
48 Articles
Portugal has resumed the long-delayed privatization of its flag carrier TAP. The government plans to sell a 49.9 percent stake, including a 5 percent stake offered to employees, Prime Minister Luís Montenegro said.
The Portuguese state airline TAP should have long been partially privatised - among other things Lufthansa had good chances. But political turbulence stopped the process. Now the new government is taking a run. Whether Lufthansa is still on the move is open.


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Portugal's Prime Minister Luís Montenegro is looking for major investors for the state airline TAP. He makes an important announcement, which will interest Lufthansa, among other things.
After years of crisis, Portugal's government plans to sell the airline TAP. Its assets are connections to Brazil and the tourism boom. A German airline was already considered a favorite for the takeover in the past.
The Portuguese government has decided to restart the long-delayed privatization of national carrier TAP, with the aim of selling a 49.9 percent stake in its own capital, including a five percent stake that will be offered to employees, Portuguese Prime Minister Luiz Montenegro said today.
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