Portugal to approve next week the conditions to privatize TAP airline
The Portuguese government will approve next week the regulation with the conditions for the privatization of the airline TAP, announced Tuesday the Prime Minister, António Costa, who assured that the interests of the airline will be followed.
The document will be approved in the Council of Ministers next week, Costa revealed during the parliamentary debate of a motion of censure to the Executive presented by the ultra-right, with no prospect of prospering due to the absolute socialist majority.
“TAP remains a strategic company,” said the prime minister, who guaranteed that the interests of the airline and the country will be taken into account when selling part or all of its capital.
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The government has no intention of “selling it to any private party”, said Costa, who recalled that privatization was foreseen in the restructuring plan agreed with the European Commission.
The head of government also stressed that TAP has returned to profitability and in the first half of this year transported 7.6 million passengers, 96% of pre-pandemic figures.
TAP is owned by the Portuguese state, which currently holds 100% of the capital after increasing its position to save it following the pandemic damage, and the airline is under a restructuring plan.
The Spanish-British group IAG – parent company of Iberia, British Airways and Vueling – Lufthansa and Air France have expressed interest in the privatization.
With information from EFE
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