Air France Ceo Says Ready to Bid for Portugal's Tap
The CEO of Air France-KLM has announced that the airline is prepared to submit a proposal for Portugal's flag carrier TAP, with plans to invest in local economy and enhance connectivity. This move comes as other airlines such as Lufthansa and IAG have already expressed interest in acquiring the airline. The French government has set a target of completing the privatisation process by this year.
- A potential acquisition of TAP could lead to a strengthening of Air France-KLM's presence in the Portuguese market, potentially driving growth for both parties.
- What implications might a change in ownership structure have on TAP's relationships with its customers and partners, particularly given the airline's strategic hubs in Brazil and Africa?