Latest news and stories about airline privatisation in Portugal for expats and residents.
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Pinto Luz says the Government had a different understanding of the deal, since it “ideologically believes” in a total divestment; even so, he sees a 49.9% privatisation as increasing the company's value.

The deadline for submitting non-binding proposals to acquire a minority stake in the airline expires on 2 April.

The Infrastructure minister said the Government had a different understanding of the deal, since it 'ideologically believes' in a 100% privatisation.

The IAG group, Air France-KLM and the German airline Lufthansa are the companies interested in buying TAP.

Infrastructure Minister Miguel Pinto Luz said in Lisbon today that the selection of a new buyer for a 49.9% stake in TAP is expected to be completed by the summer.

The second phase of the process will be coordinated in January by Parpública, which will be responsible for assessing proposals from companies interested in buying up to 44.9% of the Portuguese airline's share capital.

The Government has completed the pre-qualification stage of TAP's privatisation and has instructed Parpública to send, from 2 January, invitations to submit non-binding proposals.
The Council of Ministers decided that the so‑called TAP enclave will be excluded from the scope of the privatisation, as will Cateringpor and the handling company SPdH. Miguel Pinto Luz believes that competition among the three giants will drive up the price paid for the airline.
