Major Airlines Bid for TAP Portugal Stake
Update: 2025-11-24
Description
Major European airlines, including IAG, British Airways, and Iberia, are vying for a stake in Portugals TAP Air Portugal. IAG submitted a declaration of interest, citing TAPs financial turnaround and potential for growth. The Portuguese government aims to protect TAP while attracting investors. The deadline for initial expressions of interest was November 22nd, with qualified groups invited to submit non-binding proposals for up to 44.9% of the airline.
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