LONDON – International Consolidated Airline Group SA (IAG.LN) Tuesday confirmed its interest in Portuguese airline TAP SGPS SA, which is being privatized by the government as part of its EUR78 billion international bailout.
IAG already indicated last year that it would be interested in TAP for its access to the Brazilian market, especially as it is one of the few remaining airlines ripe for consolidation in Europe.
"We are interested to learn more about the privatization process and await more details from the Portuguese government," a spokesman for IAG said.