{"id":144909,"date":"2023-10-27T15:00:19","date_gmt":"2023-10-27T15:00:19","guid":{"rendered":"https:\/?p=144909"},"modified":"2023-10-27T22:53:04","modified_gmt":"2023-10-27T22:53:04","slug":"portugals-president-blocks-tap-privatisation-over-transparency-concerns","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/10\/portugals-president-blocks-tap-privatisation-over-transparency-concerns.html","title":{"rendered":"Portugal&#8217;s president blocks TAP privatisation over transparency concerns"},"content":{"rendered":"<p>Portugal&#8217;s president on Friday blocked a government decree that kicked off the privatisation of airline <strong>TAP<\/strong>, citing poor transparency and doubts about the future role of the state, and demanded urgent clarifications so as not to delay the process.<\/p>\n<p>President Marcelo Rebelo de Sousa said that TAP was bailed-out by taxpayers and has a strategic value for the country, so there must be &#8220;maximum transparency in the entire process&#8221;.<\/p>\n<p>The government approved the sale of at least 51% of TAP a month ago and said it was committed to finding a partner airline that would boost its growth, Lisbon&#8217;s hub and others airports.<\/p>\n<p>TAP&#8217;s privatisation has already attracted interest from Lufthansa, Air France-KLM and British Airways owner IAG.<\/p>\n<p><em><strong>\u2192 <a href=\"https:\/en\/2023\/10\/portugals-tap-posts-record-third-quarter-profit.html\">Portugal\u2019s TAP posts record third-quarter profit<\/a><\/strong><\/em><\/p>\n<p>Rebelo de Sousa said in a statement that the decree &#8220;raised multiple doubts&#8221; and he was returning it to the government, adding that his doubts &#8220;can be clarified without too much delay, without compromising the urgency of the process&#8221;.<\/p>\n<p>Prime Minister Antonio Costa said in a statement the concerns and that they would be &#8220;duly considered&#8221;.<\/p>\n<p>Rebelo de Sousa said he wants clarification on &#8220;the state&#8217;s future effective monitoring and intervention capacity as the diploma doesn&#8217;t expressly foresee or allow, in subsequent administrative decisions, any role for the state&#8221;.<\/p>\n<p>The president criticised the fact that the diploma allows TAP to &#8220;sell or acquire, even before the decision to sell, any type of asset, without the slightest precision or criteria&#8221;, adding that &#8220;full transparency is not guaranteed&#8221;.<\/p>\n<p>With information from <a href=\"https:\/\/www.reuters.com\/markets\/deals\/portugals-president-blocks-tap-privatisation-over-transparency-concerns-2023-10-27\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Portugal&#8217;s president on Friday blocked a government decree that kicked off the privatisation of airline TAP, citing poor&hellip;\n","protected":false},"author":4316,"featured_media":105736,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[603,230,269,380],"class_list":{"0":"post-144909","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-aerolinea-en-2","9":"tag-airline","10":"tag-europe","11":"tag-tap-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-80x80.jpg",80,80,true],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-300x225.jpg",300,225,true],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Portugal&#8217;s president on Friday blocked a government decree that kicked off the privatisation of airline TAP, citing poor&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=144909"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144909\/revisions"}],"predecessor-version":[{"id":144910,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/144909\/revisions\/144910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/105736"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=144909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=144909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=144909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}