TAP privatisation: Lufthansa and Air France-KLM face July 29 deadline
TAP's privatisation is entering the home straight. The two bidders, Lufthansa and Air France-KLM, have met the airline's management and the Government, and have until July 29 to file binding offers.
The long-running TAP privatisation saga finally has a real date on the horizon. The two groups left in the race — Germany’s Lufthansa and the Franco-Dutch Air France-KLM — have now sat down with the airline’s board and the Government, and the clock is ticking: binding offers must be in by July 29.
Who wants to buy TAP?
Two European heavyweights. Lufthansa, which has already swallowed carriers such as Swiss and Italy’s ITA Airways, and the Air France-KLM group, which unites the French and Dutch flag carriers. Either would fold TAP into a big continental alliance — with all the routes that brings, but also a loss of independence.
What is the Government actually selling?
The State wants to sell a stake in TAP while keeping guarantees over the Lisbon hub and the links that matter to the country, such as routes to Brazil, the Portuguese-speaking African nations and emigrant communities. This round of meetings, overseen by Infrastructure Minister Miguel Pinto Luz, was precisely so the bidders could firm up their numbers before tabling an offer.
When will we know the outcome?
The binding-offer deadline is July 29. Only after opening them does the Government choose — or decide to wait. It is a call that touches Portugal’s biggest aviation employer and the future Lisbon airport at Alcochete, two pieces of the same puzzle. Further detail will land on the Government’s official portal.
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