It’s game on for another round of airline consolidation in Europe. The Portuguese Council of Ministers has approved the plan to privatize TAP Air Portugal and sell 51 percent. At least five percent will be reserved for the airline’s employees, the government announced on Thursday. The state currently is the sole shareholder.
During a press conference, Minister of Finance Fernando Medina said that the privatization has five targets. The first is to ensure that TAP Air Portugal can continue to grow under a new minority owner. The second is that Lisbon can be developed and grow as the main hub beyond the 53 percent market share it has there now. TAP should also grow end-to-end operations and operate to what Media referred to as untapped capacity at domestic airports. The priority is Porto, where low-cost carriers like easyJet and Ryanair have gained market share.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.