The executive president of the International Airlines Group (IAG), Luis Gallego, expressed this Wednesday the holding company’s interest in the terms of the privatization of TAP, considering that “it would be something interesting” for the group.
“We are always open to having big companies, big brands in our portfolio, and frankly, we want to see the terms of the privatization of TAP because I think that would be something interesting for us,” Gallego said during a performance at the World Aviation Festival in Lisbon.
The statements by the CEO of the group that owns the Irish Aer Lingus, the British British Airways and the Spanish companies Iberia, Level and Vueling came on the eve of the approval of the decree-law on the reprivatization of the airline, which will detail the conditions for the operation.
The former Iberia executive president, who has served as IAG CEO since 2021, noted that the group was launched in 2011 “as a consolidation platform.”
This Wednesday, he noted, IAG is a “holding company” and “not an airline.”
Last week in Parliament, Prime Minister António Costa, among various scenarios, put forward the hypothesis of privatizing the entire capital of TAP, although the amount has not yet been determined and will depend on the chosen partner.
In his first speech in this debate, António Costa announced that the government will approve in the Council of Ministers on Thursday a diploma that will establish the basis for the TAP privatization process.
Author: Lusa
Source: CM Jornal
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