Privatisations

TAP, like most airlines, is sensitive to fluctuations in fuel prices. For this reason, it has implemented hedging strategies, and this year it decided to reinforce this “insurance.” [...]

Lufthansa, IAG and Air France-KLM will pass to the second round in the TAP part-privatisation plan, delivering non-binding bids for the Portuguese national carrier at the end of this week. [...]

The European Commission has officially postponed a restructuring plan for airline SATA to the end of 2026. Upon Portugal’s request, the Commission agreed to an extension until December 31 [...]

IAG, the owner of British Airways and Iberia, seems to be having cold feet over buying up to a 49% share in TAP Air Portugal. One of three competitors in the race to acquire a 49% minority share, [...]

The Lufthansa group, as part of its bid for TAP, will include the possibility of the Portuguese airline joining a lucrative transatlantic partnership with United Airlines and Air Canada.  [...]

The German airline group Lufthansa has delivered its Manifestation of Interest in buying up to 45% of national carrier TAP to Portuguese State companies holding Parpública just two days shy of [...]

Airline group Air France-KLM is to formally make a Manifestation of Interest in buying a sizable share in Portugal’s airline TAP after having studied the Terms of Sale. The news comes straight [...]

Portuguese judicial police officers swooped on Novobanco headquarters while the actual contract signing ceremony was being held at the Ministry of Finances on Wednesday celebrating the bank’s [...]

The CEO of TAP, Luís Rodrigues, says the times of the airline standing “proudly alone” are over and “soon we’ll be integrated into an aviation giant”. Luís Rodrigues made his comments at the [...]

Portugal ’s national airline TAP is moving towards part privatisation after the government approved a 49.9% sale of its capital. But despite a profit of €37.5 million between April and June this [...]