Offers for 44.9% of Portuguese carrier reportedly exceed €1 billion, with government expected to select investor by mid-October

Portuguese carrier carried more passengers and improved load factor, but a 52% jump in second-quarter fuel costs hit earnings as its partial privatization moves forward

IAG and Lufthansa are also expected to compete for the stated-owned airline

German airline group seeks minority stake, eyes long-term partnership to reinforce Lisbon as Atlantic hub

Group signals intent to preserve TAP's identity and strategic role amid competition from Lufthansa and IAG

Lufthansa, Air France-KLM and IAG show interest as government aims to secure Lisbon hub and airline profitability

Milei administration has cut 13% of its workforce, reduced routes and other services to make the airline more attractive, according to a report

Expected for 2025, the process is expected to involve major European aviation groups

The Javier Milei government intends to speed up the sale process of the state-owned carrier, which has already consumed US$8 billion since its nationalization

The process of selling the equity control in the state-owned airline may only be decided from March 2024, after new elections