Several Interested In TAP Airline Sale

April 17, 2012

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Several international operators have expressed interest in the privatisation of Portuguese airline TAP, chief executive Fernando Pinto said on Tuesday.

"I cannot give names but what I can say is that the privatisation is generating great interest," Pinto told journalists.

Portugal's government has promised to privatise TAP, possibly this year, under the terms of a EUR€78-billion EU/IMF bailout.

International Airlines Group (IAG), formed by the merger of British Airways and Iberia, said in October it would look at TAP when the Portuguese government starts the formal sale process, its Brazilian routes being of particular interest to IAG.