The Portuguese Government decided to postpone the final deadline for TAP privatization until the end of the year. This decision allows the sale process of the state airline to be extended by a few more weeks.
The main purpose of the postponement is to allow three weeks of final negotiations with the two main candidates for the acquisition of TAP. These potential buyers are the companies Air France-KLM and Lufthansa.
During this additional period, the two competitors will have the opportunity to submit improved binding proposals. The Government thus intends to obtain more favorable conditions before making a final decision on the privatization of the Portuguese airline.
