Portugal’s audit authority (Inspeção-Geral de Finanças – IGF) has concluded that the privatisation of TAP Air Portugal (TP, Lisbon) in 2015, when Atlantic Gateway, a consortium owned by David Neeleman and Humberto Pedrosa, bought the state-owned carrier, might have been fraudulent, the television channel SIC Notícias reported.

The consortium acquired the airline while agreeing with Airbus to acquire 53 aircraft. According to the IGF audit, Atlantic Gateway and TAP entered into an agreement with Airbus, and the…

Source: ch aviation
Read more: TAP’s 2015 privatisation may have been fraudulent – report