2023-10-27 18:18:06
The Portuguese government recently launched the privatization of the national airline, urgently saved in 2020 during the health crisis.
Portuguese President, conservative Marcelo Rebelo de Sousa, did not promulgate the law on the privatization of the airline TAP Air Portugal in order to ask the government for “clarifications” on the procedure, he announced on Friday. The Portuguese head of state sent the law back to the government to ask for details on “the capacity of the State to intervene in a strategic company” or even guarantees on “the transparency of the procedure” of privatization, he said. -he explained in a press release published on the presidency website.
The Portuguese government officially launched at the end of September the privatization of at least 51% of the capital of the national airline TAP Air Portugal, which is attracting the interest of its European competitors, Air France-KLM, Lufthansa and the IAG group (British Airways). and Iberia). The socialist executive, which also wishes to reserve up to 5% for employees, then specified that it intended to adopt the detailed specifications that the future owner of the company must complete by the end of the year, or at the beginning of next year at the latest.
Health crisis
During this announcement, the government had, however, defined several “strategic objectives” such as the growth of TAP and the development of the Lisbon “hub”, from where the company provides a significant part of the connections between Europe and Brazil. notably. After a complicated period during the Covid-19 pandemic, the Portuguese carrier returned to profit in 2022. TAP even announced on Tuesday a record profit of 180.5 million euros in the third quarter, up 62.2%. compared to the same period last year.
The company was completely renationalized in an emergency, in 2020, benefiting from an injection of 3.2 billion euros of public funds accompanied by a restructuring plan negotiated with the European Commission.
Top Articles
1698441489
#president #vetoes #asks #clarifications
