The deadline for submitting bids for the privatisation of TAP ends this Thursday, the 2nd, with three aviation groups having expressed interest: Lufthansa, IAG (owner of Iberia and British Airways), and Air France-KLM. Lufthansa has confirmed it will not withdraw from the process and will submit a non-binding bid, with group strategy head Tamur Goudarzi Pour asserting that they are the partner best equipped to develop the Portuguese airline. While IAG's participation remains uncertain due to concerns over the minority stake on offer, Air France-KLM has confirmed it is working on its proposal. The Portuguese government is looking to sell up to 44.9% of the airline's capital, with 5% reserved for employees.