The Portuguese Government extended until the end of the year the deadline to conclude the TAP privatization. This extension allows an additional period of negotiations with the potential buyers interested in the airline.
The Executive reserved three weeks to conduct final negotiations with two major European airlines: Air France-KLM and Lufthansa. During this period, the final terms of a possible sale will be discussed.
The objective of these negotiations is for both companies to submit improved binding proposals, that is, definitive and obligatory offers with more favorable conditions than the previous ones. This marks a new phase in the privatization process of the Portuguese airline.




