Portugal Reaffirms TAP Air Portugal Privatization Plans, But Without Set Timeline

Minister Leitão Amaro emphasized that for the Portuguese executive, the sale of TAP is “more a strategic than a financial issue, but privatization is important.” His comments reflect the government’s long-term vision for both the airline and the country, signaling that the re-privatization process will not be rushed. It is worth noting that TAP previously underwent a privatization phase under Brazilian entrepreneur David Neeleman—founder of Azul Linhas Aéreas—who partnered with a Portuguese ground transportation investor.

Recent political instability in Portugal—including multiple parliamentary dissolutions and inconclusive elections—has delayed the initial privatization efforts by more than two years. This prolonged uncertainty reportedly led some major airline groups, such as International Airlines Group (IAG) and Lufthansa Group, to back away from pursuing a stake in TAP.

Currently, according to sources cited by Aeroin, Air France-KLM Group is seen as the most interested party in acquiring the Portuguese carrier. A potential integration of TAP into this Franco-Dutch alliance could significantly alter competitive dynamics and partnerships on transatlantic routes, particularly to South America and Africa—regions where TAP maintains a strong presence with a modern fleet that includes aircraft like the Airbus A330-900neo.

The Portuguese government aims to ensure that any privatization process enhances TAP’s strategic role, secures its Lisbon hub, and maintains critical economic and diaspora connections, rather than simply maximizing short-term financial returns. The aviation industry is closely watching for the next moves from the Portuguese government on this key dossier for European aviation.