Portugal Stands Firm: TAP's Lisbon Hub and Key Routes Are Non-Negotiable in Privatization
Bloomberg3 days ago
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Portugal Stands Firm: TAP's Lisbon Hub and Key Routes Are Non-Negotiable in Privatization

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tap
privatization
lisbon
aviation
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Summary:

  • Portugal's government reiterates that TAP's privatization hinges on maintaining its Lisbon hub.

  • New owners must guarantee strategic routes to proceed with the sale.

  • Infrastructure Minister Miguel Pinto Luz stated that without these guarantees, the sale will not happen.

Portugal's Stance on TAP Privatization

The Portuguese government has made it clear that the planned privatization of TAP SA, the state-owned airline, will only progress if the new owners can ensure the retention of Lisbon as the main hub and the continuation of its strategic routes. This statement comes from Infrastructure Minister Miguel Pinto Luz, as reported by TSF radio.

In an interview, Pinto Luz emphasized that any potential buyers must address these crucial concerns. If they fail to make these guarantees, the government will not move forward with the sale of TAP. This position underscores Portugal's commitment to maintaining its airline's operational integrity during the privatization process.

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