Latest news and stories about privatisation in Portugal for expats and residents.
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“There will be no privatisation [of TAP] if we do not guarantee that our airports, including Francisco Sá Carneiro Airport, will have the potential, in terms of the company's activity, that they deserve and that is required in light of the country's strategic interest,” the Prime Minister states. Porto Airport celebrates its 80th anniversary today.
Luís Montenegro stated this Monday that the privatisation of TAP will not proceed unless the airline's commitment to all airports in the country is secured. The head of the executive warns the company Vinci that 'it is possible to do more and faster' at national airports. During the 80th anniversary celebrations of Sá Carneiro airport, Montenegro guarantees that the government will not waive deadlines, costs, and requirements regarding airport works and the privatisation of TAP.
The Prime Minister states that this is a “cornerstone” for any future agreement.
Prime Minister Luís Montenegro stated that the privatisation of TAP will not move forward unless the airline's commitment to all national airports is secured. He also urged Vinci to accelerate investments in Portuguese airports, noting that Portugal is the company's most profitable operation globally.
The Prime Minister guaranteed this Monday that 'there will be no privatisation of TAP' if the candidates do not provide a 'guarantee of utilising the entire airport capacity' of the country, beyond Lisbon, classifying this requirement as a 'cornerstone' in the company's privatisation process. 'There will be no privatisation if we do not ensure that our airports, including...'
The move follows the privatisation jury's recommendation to reject the bid from the Atlantic Connect Group consortium.
The chief executive said the Government is “obsessed with protecting and looking after TAP”, adding that only after the airline's privatisation will it be possible to free up capacity.
The privatisation of strategic state-owned companies has had catastrophic results.
Workers warn that stripping the company of its most profitable suburban services “would seriously compromise the company’s financial stability”.
The general manager of easyJet Portugal believes TAP's privatisation should free up slots at Lisbon Airport and says the airline is ready to seize that opportunity.
easyJet says the privatisation of Portuguese airline TAP presents an opportunity to increase its presence and route operations at Lisbon.
easyJet views the planned privatisation of TAP as a strategic opening to expand its presence in Lisbon and across Portugal. With the airline operating 96 routes to and from Portuguese airports in 2025, easyJet could deepen low-cost connectivity, increase frequencies on key city-pairs and compete more directly with a newly structured national carrier. The shift promises greater competition, potential downward pressure on fares and improved network connectivity, but also raises questions about airport slot availability, regulatory oversight and how market dynamics will affect legacy and low-cost carriers alike.
TAP is investing €20 million to build a new aircraft maintenance hub and hangar in Porto, a project due to take two years and expected to create about 200 jobs. The move is intended to increase the carrier’s maintenance self-sufficiency, reduce outsourcing and boost operational autonomy as the airline undergoes privatisation, while Porto’s network will be strengthened with services to Terceira, Praia, Tel Aviv and an enhanced link to Boston.
A study of Portugal's external debt estimates that bailouts followed by privatisations at low prices contributed over 10% of GDP to the deterioration of the country's external debt.
The decision was taken by resolution of the board of directors on 23 December 2025.
Non-binding proposals will include a financial component, including the price offered for the shares.
The privatisation of national airline TAP and the sale of packaging firm Logoplaste may become this year’s standout business transactions.
