Citigroup is advising the Portuguese government on the sale of 66% of TAP. The government has tried to sell the airline in the past, which has been difficult since the buyer will have to provide significant capital and take on liabilities of €1 billion.
Bids are expected for TAP in the first quarter of 2015, with a buyer being selected by June.
Related posts
CAE to open business flying school in Vienna
By
Dino D'Amore
23rd May 2023