TAP Air Portugal to be sold – bailout
09 May 2011
As condition for obtaining the three-year 78 billion-euro (US$116 billion) bailout with the European Union and the International Monetary, the Portuguese government is forced to sell its state run TAP Air Portugal, scheduled for auction later this summer. Brazil’s Linhas Aéreas and Chile’s LAN Alliance, and British Air Always and Iberia Alliance, are strong contenders […]












