IAG tipped as frontrunner in TAP sale as Europe airline consolidation warms up23 Jan 2025 08:12
British Airways-owner IAG (ICAG.L), opens new tab is likely to be a frontrunner to buy a stake in Portuguese carrier TAP, valued at about $1 billion, bankers and analysts said, marking the next phase in consolidation of the European market
Europe's major airline executives are hoping the Portuguese government will start formal talks soon on the sale of either a minority or majority stake in its national carrier.
A spokesperson at Portugal's infrastructure ministry, which is overseeing the sale, said: "The government is still listening, assessing market interest... but the sale will take place this year."