Is Transporte Aereo Portuguese (TAP) up for sale?

[VarigB707]

Well, that's what it says on this report (follow the link)

link: http://www.aeroin.net/avianca-e-azul-finalistas-tap/ (in portuguese only. Sorry).

a few points, roughly translated:

• Apparentely TAP is on the market and the two purchasing contenders are AZUL (from Brazil) and AVIANCA-TACA.
• Negotiations and final decision will be made depending on the transfer of value to the government (which should be almost zero since the Portuguese company's cash situation is bad ) and the ability to refinance the company's debt.
• The report also mention the TAP employee's dissatisfaction and their protest against the company's privatization.

Thank you. Cheers.

[TAP-A343]

TAP stands for Transportes Aéreos Portugueses.

The Portuguese government is trying to privatise the airline for the second time since 2012.

[Jorge]

seems to be they are always up for sale every few years

[TAP-A343]

Portugal's government picked on Thursday a consortium led by American-Brazilian investor David Neeleman in the privatisation of airline TAP, ending a drawn-out sales process that has faced strong opposition from many unions.

"The winning consortium is Gateway," a source with knowledge of the sales process told Reuters.

Gateway is led by Neeleman and Portuguese bus company owner Humberto Pedrosa. Neeleman is the founder of U.S. airline JetBlue and the CEO of Azul Brazilian airlines.

http://www.reuters.com/article/2015/06/11/portugal-tap-idUSL5N0YX2UI20150611