Portuguese government looks at TAP disposal decision this year

Portugal’s government may decide before January on whether to proceed with a second attempt to dispose of state-owned airline TAP-Transportes Aereos Portugueses, as more potential buyers express interest. “It’s probable that a decision will be made by the end of the year,” Secretary of State for Transport Sergio Monteiro told Portuguese media in Lisbon. Monteiro said earlier this month that TAP is “in better shape to be sold now than in 2012”, when Portuguese authorities rejected the sole offer from Brazilian investor German Efromovich, owner of the Avianca brands in South America. The government agreed to dispose of TAP as