Portuguese government insists on wanting to privatize 100% of the Tap airline

The Portuguese Minister of Infrastructure, Miguel Pinto Luz, insisted on Wednesday before a legislative commission that his government wants to privatize 100% of the National Airline Tap And you want to do it with “A narrow dialogue”With the Socialist Party (PS), opposition leader.

Pinto Luz He stressed that the executive of the conservative prime minister Luís Montenegro does not want to carry out the reprivatization of Tap so that another game then arrives and reluctant it.

“We have an opinion, we believe that 100 % should be the limit”Said the head of Infrastructure, who added that the process is in the internal evaluation phase.

Pinto Luz He added that the government’s priority is that Tap “Stop being the state of the State“:”There must be total management independence, there must be total independence so that in the future we are not forced to make capital injections of three, two or one million euros”He said.

The Government reported in January that the group Tap had concluded “The necessary corporate operations“To carry out the restructuring plan agreed with the European Union,”thus preparing Tap SA for the reprivatization process”

On the 17th, the Portuguese Executive made capital injection into Tap In value of 343 million euros, thus concluding the financial restructuring provided for in the Plan agreed with Brussels, which contemplated about 3.2 billion euros of aid.

Tap It is owned by the Portuguese state, which currently has 100% of the capital in its hands after increasing its position to save it after the damages suffered by the pandemic.

At the end of September 2023, the then government of the Socialist António Costa approved a decree law to reprivatize at least 51% of the airline.

However, a month later, the president of Portugal, Marcelo Rebelo de Sousavetoed the decree of the Executive for reprivatization and requested greater transparency in state intervention and the acquisition of assets.

The current center -right executive has among one of its 2025 priorities the total privatization of TAP.

The Hispanic-Britanic Group-Iberia Matrix, British Airways and Vueling-, Lufthansa and Air France have expressed interest in privatization.