The government today approves in the Council of Ministers (CoM) a diploma defining the TAR privatization process, at a time when interested parties are beginning to be identified.
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 at today’s Council of Ministers a diploma that will set the basis for the TAP privatization process.
On Wednesday, International Airlines Group (IAG) executive president Luis Gallego expressed the holding company’s interest in privatizing TAP, saying “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.
Emirates President Tim Clark has ruled out interest in buying TAP, the terms of which should be known today, and predicted a “trade war” on the part of major European aviation groups.
“Certainly [os grandes grupos europeus de aviação] they’ll fucking want to TAP [‘like hell’]. Like the devil! […] A bidding war will begin. It’s a great ‘hub’ in the south west for these big players, it has access to very interesting international routes and has a very good European network,” Tim Clark told Lusa, Expresso and Eco on the sidelines. the same event, where he ruled out the United Arab Emirates airline’s interest in buying the Portuguese carrier.
TAP Executive President and Board of Directors Luis Rodriguez said he is a “big supporter of privatization” of the airline and believes the process will “go well.”
“I think everything will go well. I am a big supporter of privatization, there is no doubt about it,” added Luis Rodriguez at the event, which will take place at the FIL in Lisbon until Thursday.
TAP is now in the hands of the Portuguese state following the approval of a company restructuring plan that provided €3.2 billion in support.
Author: Lusa
Source: CM Jornal
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