TAP Air Portugal’s privatisation likely to be delayed

The privatisation process of TAP Air Portugal will start from October 2023, confirmed João Galamba, Infrastructure Minister. The privatization was originally planned to start in July, as per the government’s comments in April after two independent advisers established TAP Air Portugal’s estimated value at the time. But things got delayed as Parpública hired Ernst & Young and Banco Finantia to value the airline on July 4. According to Parpública, the additional valuation was part of the airline’s privatization process as the government still intends to keep a strategic stake and will not offer all its capital. With the additional valuation to determine