Finance Minister Fernando Medina announced this Thursday at a press conference following a meeting of the Council of Ministers that the TAP privatization process could begin before the summer. “Until summer, around July,” the minister said.
“The Council of Ministers has approved a Council of Ministers resolution that authorizes the Ministry of Finance and Parpública to conduct an independent assessment of TAP,” Medina said, stressing that this is a mandatory condition by law as part of the privatization of the airline. .
“Two independent financial assessments are mandatory by law under the Privatization Law as a precondition for the company’s privatization process,” he specified.
Medina added that in this way, Finance and Parpública were “empowered to continue this process of selecting two independent entities that will operate autonomously” for evaluation.
In turn, the Minister of Infrastructure pointed out that there are “two dimensions of greater importance”: “one of the classic aeronautics” associated with the “hub” in Lisbon, and the other associated with “opportunities associated with the energy transition.”
Galamba stated that the size and connectivity of the “hub” at Humberto Delgado Airport, and its future role in the production and distribution of synthetic fuels for aviation, are elements that entail “very significant opportunities for TAP” and should be included in the context of the cost estimate. airlines.
According to Fernando Medina, questions about what percentage of TAP will be privatized or whether there will be a minimum financial inflow that the state should receive as part of the privatization process “may be the subject of a government decision only after the completion of an independent valuation of the airline.”
“Within this framework, we will do everything, strictly observing the steps that are determined by the law, without foreseeing what is determined by law, should not be anticipated. The answers to these questions will be given in the decree-law and, subsequently, in the decision of the Council of Ministers, which will soon replace it, where the general conditions for privatization and specifications for privatization will be determined,” the Minister of Finance said.
Author: morning Post This Portuguese
Source: CM Jornal
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