Portugal plans to privatize TAP in 2025

23-12-24

The Portuguese government has announced its intention to privatize national airline TAP in 2025, after receiving interest from more than a dozen potential buyers. This decision follows the approval in September 2023 of the sale of at least 51% of the company, a process that was delayed due to early elections in March 2024, won by a center-right alliance.

Infrastructure Minister Miguel Pinto Luz stated that the privatization process will begin in 2025 and that discussions have been held with all interested parties. He stressed that TAP has improved its financial situation, with operating results that equal or exceed its European competitors. He also assured that, regardless of the privatization model to be adopted, the TAP brand, the Lisbon hub and strategic routes to the Portuguese diaspora in countries such as Brazil, Angola, Mozambique and the United States will be preserved.