TAP back on sale

Portuguese carrier TAP is back on sale after the government announced it would again attempt to privatize TAP by selling a 66% stake – 61% to investors and 5% to employees. TAP is back in profit and Economy Minister Antonio Pires de Lima suggested in October that the government had received approaches from four credible bidders, which includes Avianca owner German Efromovich, whose 2012 bid for the airline was turned down.