The Portuguese government has officially launched the process to privatise up to 49.9% of TAP Air Portugal, aiming to complete the sale within a year, pending regulatory approval. Of the total, up to 5% will be reserved for employees. The government plans a four-phase direct sale, including pre-qualification, proposal submission, binding offers, and final negotiations.
This reprivatisation follows TAP’s 2020 renationalisation during the COVID-19 crisis, which included a €3.2 billion state bailout and restructuring plan now nearing completion. Despite a recent drop in profits, TAP remains strategically important, especially for Lisbon’s hub and Brazil-bound traffic.
Major European airline groups—Air France-KLM, Lufthansa, and IAG—have shown interest. A special oversight committee will ensure transparency, and the government reserves the right to withdraw from the sale if proposals are unsatisfactory.
This post was published on 12 July 2025 17:11
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