TAP Sale
I understand that TAP is awaiting approval for Privatisation from the Portuguese government.:sad:
If approved it is likely to happen in the summer. Apparently TAM and Lufthansa are not interested and Willie Walsh at IAG says he is. :eek::= Although there could be another potential buyer. Has anybody heard anything new or different ? |
Talk from Lisbon at a high level this week that IAG is not the only bidder - non specific references to a Brazilian bidder have been indicated. Google should throw something up
|
I can imagine IAG will pull out all the stops on this one.
Access to South American routes via Portugal - which i imagine has room for growth with through traffic from Spain and UK. Sews up the Iberian Penninsula in terms of owning Iberia already. Cost saving opportunities London to Portugal and more importantly Spain to Portugal. Nabs another airline from Star Alliance into Oneworld. Complimentary fleet in TAP mainline to Iberia and BA Shorthaul from LHR If you also look at the sharp increase in volumes of traffic UK to Brazil - they could feed a lot through Portugal onwards - its traffic thats on the up and up. |
All times are GMT. The time now is 20:11. |
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.