US EditionIAG Drops Out From TAP Privatisation at Bidding Deadline
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17 Articles
There are two groups in the privatization process: Air France-KLM and Lufthansa. Still, Erico Brillante Dias, MP leader of the PS, accused Luis Montenegro of being “centred in propaganda”.
The IAG air transport group, which includes Iberia and British Airways, among other airlines, has decided not to continue the process of reprivatization of the Portuguese company TAP.
IAG has decided not to continue the process of acquiring a minority shareholding by the Portuguese airline TAP by failing to submit a binding offer within the deadline of Thursday. Air France-KLM and Lufthansa do keep on offering their proposals to the Portuguese government, which in July approved the sale of 49.9% of the company's capital. Of that share, 44.9% is open to investors and 5% to employees. The remaining 51.1% will remain in the hand…
IAG will not enter the final battle by the Portuguese airline TAP. Yes, the Air France-KLM group and the German Lufthansa, which confirmed on this Thursday their interest in participating in the privatization of the Portuguese airline with non-binding offers. The Lisbon government, which owns 100% of the company, gave the deadline until this Thursday for applicants to enter the capital to submit their non-binding offers.The group owner of Iberia…
IAG drops out from TAP privatisation at bidding deadline
IAG International Airlines Group has not submitted a bid for up to 49.9% in TAP Air Portugal (TP, Lisbon) by the April 2, 2026, deadline, leaving Lufthansa Group and Air France-KLM in the race as the only interested parties. While the Anglo-Spanish holding did not issue a statement, multiple news agencies, including Bloomberg and EFE, reported that sources confirmed the bid was not submitted. IAG previously expressed concern about the lack of a …
The IAG group, the parent company of British Airways and Iberia, finally decided not to file a non-binding offer for a minority stake in TAP Air Portugal, while Lisbon relaunched the privatisation of its national company. This withdrawal leaves Air France-KLM and Lufthansa alone on the front line to acquire up to 44.9% of the capital, in a process very supervised by the Portuguese State. IAG withdrew from the IAG race confirmed that it had renou…
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