TAP another privatisation or another political U-turn?

▤ Summary

Portugal is moving ahead with another attempt to privatize TAP Air Portugal and sell up to 49% of the airline. Lufthansa and Air France-KLM have emerged as the main contenders after IAG dropped out of the process. The article reviews TAP’s long history of state control, failed sales, capital injections, and political controversy. It also explains that the next steps depend on government selection and later regulatory approvals, which could delay closing.

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