Many aviation companies, including Lufthansa and Air France-Klm, have also been interested in the Portuguese airline, but the owner of BA is considered a favorite by analysts.
The IAG Airline Group is one of the main candidates who purchased their participation. 1,000 million dollars In Portugal State Airline FAUCETSaid Reuters agency. Analysts and bankers who know the agreement, IAG’s competitors Lufthansa and Air France-KLM’yi, the most powerful candidate to make an agreement, he said.
Analysts can create the successful IAG management of the IBERIA airline in Madrid, which A strong operation center in southern Europe If it joins the tap operations. British Airways merged with Iberia in 2011 to create Iag. IAG is also the parent company of Aer Lingus and Vueling.
In October last year, Portuguese Prime Minister Luis Montenegro said several companies competed for participation in the tap and plans to privatize the state. The key sales point is the state of the airline. The largest flight supplier in Brazil in Europe. Tap also has a strong presence in Africa and North America.
How much will it be sold?
Although a spokesman from the Ministry of Infrastructure of the Portuguese confirms this, the exact conditions of the sale have not yet been clarified. An agreement will be reached this year. The previous Portugal government approved the privatization of at least 51% of the tap at the end of 2023, but plans stopped due to early elections in the early 2024.
Italian newspaper ‘Corriere Della Sera’ reported in September last year Lufthansa “I was looking for a first participation of 19.9% to Tap, which should not take place before the first quarter of 2025. Referring to Anonymous Portuguese sources ‘Corriere’, participation can reach 180 to 200 million euros, he said.
EXPRESSION FOR EUROPEAN AVIATING MANAGEMENTS Get more consolidation in the sector Increasing cost efficiency and competing with global competitors. The data of the turnover analyst shows that 36 European airlines represents 80% of the capacity of the region compared to six US airlines.
Opposition to Sales
One of the concerns that arouses the sale of the faucet is that the foreign property will dilute the Portuguese identity of the company. You should also consider the arrangements antitröstBecause more than 20% of participation sales will require an examination by the EU competition regulator in Brussels.
Last year, Iag rejected Brussels’ regulatory demands for the purchase of the Spanish Air Europa after making the agreement attractive for shareholders. Although Iag was not considered sufficiently, they made additional concessions to appease the competition regulator. Other consolidation efforts in Europe were more successful: the Commission approved Lufthansa’s plans to get minority participation in Italians ITA Airways In November.
‘Euronews’ contacted IAG to get a comment and reiterated the current position of the company. “IAG will have to examine the privatization conditions and intentions of the Portuguese government. Majority or minority participation Just a hypothesis for now. We still don’t know the conditions, but the agreement is interesting, the “Euronews’ spokesperson is an e -mail.
They also said that IAG is “interested in continuing to develop”. “We want to cooperate to continue to be a company of TAP with proudly Portuguese. IAG helps to expand the scope of companies and allows them to do business together worldwide. “
