Azul denies interest in TAP

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By admin September 18, 2014 21:51

Azul denies interest in TAP

Azul Linhas Aéreas Brasileiras has rejected claims in the international media that it is interested in the privatization of TAP Portugal. Last week, Portuguese Minister of the Economy, António Pires de Lima, disclosed that several parties had submitted Expressions of Interest to Lisbon for a 49% stake in the airline.

Last year, CEO David Neeleman was reported to be in talks with Brazil’s national development bank, BNDES, to arrange financing to acquire a stake in the Portuguese national carrier, a claim Neeleman later denied.

Alongside a non-binding proposal submitted by local tycoon, Miguel Pais do Amaral, in partnership with US airline magnate Frank Lorenzo, it has since emerged that Air Europa and Avianca are also among the contenders.

TAP’s privatization was mandated as part of the terms of a 2011 €78billion ($101billion) bailout package that the Portuguese government signed with the European Commission, the International Monetary Fund and the European Central Bank.

admin
By admin September 18, 2014 21:51