TAP for sale


This will prove to be an interesting week for TAP Air Portugal as investors are waiting to hear more about sales within the national carrier.

It has been reported that up to 61 percent of the airline will be up for sale to investors and 5 percent will be made available to employees.

The terms of privatisation was approved last week Thursday. It is said that the government has the company’s best interest at heart. They are looking for a number of things to check off their list. This includes bringing in fresh capital, continuing of public service and a contribution to the economy among other things.

Among three investors who have shown interest in the airline include, Portuguese entrepreneur, Miguel Pais do Amaral.

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