The Portuguese Council of Ministers has approved a decree initiating the privatisation of TAP Air Portugal (TP, Lisbon). The government aims to divest a 49.9% stake, including a 44.9% stake to one or more investors, and 5% stake earmarked for the employees.

The Minister of State and Finance, Joaquim Miranda Sarmento, and the Minister of Infrastructure and Housing, Miguel Pinto Luz, presented the government’s goals for privatising TAP during a joint press conference on July 10.

The state expects a…

Source: ch aviation
Read more: Gov't restarts sale of 49.9% in TAP Air Portugal