Privatisations: Sole bidder for TAP-Air Portugal


South American consortium Synergy Aerospace, owner of Colombian airline Avianca, is the sole candidate running for the privatisation of the Portuguese national airline TAP-Air Portugal.

Business What's New — 19 October 2012 by Marina Watson Peláez
Privatisations: Sole bidder for TAP-Air Portugal

To obtain its three-year €78bn bailout with international lenders, Portugal was forced to sell its interests in several companies, including the state-run airline TAP-Air Portugal. Several international operators were drawn by the airline’s strategic position but on Thursday, the Portuguese government announced a sole potential bidder.

The South American consortium Synergy Aerospace, owner of Colombian airline Avianca, is the sole candidate running for the privatisation of the Portuguese airline, the government announced Thursday.

TAP is based in Lisbon and covers 75 routes in 34 countries. In 2011, the company reported €3m in net profit and revenue of €2.3bn.

Portuguese financial daily Dinheiro Vivo reported the government also admitted it will suspend the negotiations if it does not approve Avianca’s specifications. The Avianca group is run by the South American businessman German Efromovich.

Synergy Aerospace is now the only company to pass to the next phase of TAP’s privatisation. The negotiations will begin soon so the company is sold before the end of the year, according to Dinheiro Vivo.

Related Articles

About Author

Marina Watson Peláez

(7) Readers Comments

  1. hello there and thank you for your info – I’ve certainly picked up something new from right here. I did however expertise some technical points using this website, as I experienced to reload the site a lot of times previous to I could get it to load correctly. I had been wondering if your web host is OK? Not that I’m complaining, but slow loading instances times will very frequently affect your placement in google and could damage your quality score if advertising and marketing with Adwords. Anyway I am adding this RSS to my e-mail and can look out for a lot more of your respective exciting content. Ensure that you update this again very soon..

  2. I simply wanted to say thanks yet again. I do not know the things I would’ve handled without the entire opinions contributed by you relating to my situation. Certainly was a very hard circumstance in my opinion, nevertheless spending time with the professional strategy you treated it took me to cry with joy. Extremely happy for the guidance and sincerely hope you know what a great job you were getting into teaching the rest using your web site. Most likely you haven’t encountered all of us.

  3. I definitely wanted to write a quick remark to say thanks to you for those stunning recommendations you are giving on this website. My long internet lookup has at the end been rewarded with really good know-how to go over with my colleagues. I would declare that most of us readers actually are rather endowed to be in a perfect place with very many perfect people with beneficial solutions. I feel quite privileged to have used your entire site and look forward to so many more brilliant minutes reading here. Thank you once again for everything.

  4. Hello, I think that I saw you visited my web site so I came to “return the favor”.I’m trying to find things to improve my website!I suppose its ok to use a few of your ideas!!

  5. hey there and thank you for your info – I have definitely picked up something new from right here. I did however expertise several technical issues using this website, as I experienced to reload the site lots of times previous to I could get it to load properly. I had been wondering if your hosting is OK? Not that I am complaining, but sluggish loading instances times will sometimes affect your placement in google and can damage your high-quality score if advertising and marketing with Adwords. Well I’m adding this RSS to my email and could look out for a lot more of your respective fascinating content. Make sure you update this again soon..

  6. I like the helpful info you provide in your articles.

    I will bookmark your blog and check again here regularly. I am quite certain I will learn plenty of new stuff right here!
    Good luck for the next!

  7. The other day, while I was at work, my sister stole my iphone and tested to see if it can survive a 25 foot
    drop, just so she can be a youtube sensation. My apple ipad is now broken and she
    has 83 views. I know this is totally off topic but I had to share it with
    someone!

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>