Announced
Financials
Sources
Tags
Private
airline and charter services
Pending
Portugal
Airlines
Majority
Friendly
airline operation
Single Bidder
airline industry
Aerospace
Acquisition
Synopsis
The Government of Portugal agreed to acquire a 22.5% stake in TAP Air, the flag carrier airline of Portugal from minority shareholder David Neeleman for $62m. "The state will now play a key role in TAP," João Leão, Portugal Finance Minister.
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