Portuguese carrier expands Brazil network as Air France-KLM and Lufthansa bid for stake

The Scandinavian carrier announced on Tuesday that it has selected a group offer that includes the Castlelake fund, Lind Invest together with the Danish government and the Air France-KLM group to finance its financial turnaround

New company is expected to begin operating in 2024 with the goal of providing Airbus A350 component maintenance services on a worldwide basis

Portuguese government wants to sell part or all of flagship airline by the first half of 2023

Group overcame the consortium between Lufthansa and MSC, which were until then the favorite to take control of the successor to Alitalia

The new flagship airline is being disputed by two groups, one formed by Lufthansa and MSC, and the other led by the Certares fund, which has partnered with Air France-KLM.

Expression of interest by the group was delivered to the government of Italy, intensifying competition with Lufthansa and MSC

According to newspaper, the Dutch airline admitted the possibility of separation due to the challenges caused by the coronavirus

Contrary to expectations, airlines will continue to share flights between Brazil and Europe