Portugal's Secretary of State for Transport Sergio Monteiro said the privatisation of TAP Portugal would be relaunched once favourable market conditions exist (Jornal de Negocios/Dinheiro Vivo, 22-May-2013). Mr Monteiro said, "Market conditions are what will determine when we will begin the process, because what we want is to finish in a way different from what eventually happened in the previous [attempt]." Mr Monteiro estimates that 2H2013 is when the process will be relaunched, stressing however this is an estimate and it might happen before or afterward, in 2014. Mr Monteiro said the International Monetary Fund, European Central Bank and European Commission understood the reasons for cancelling the previous attempt to privatise the flag carrier, as privatisation of state enterprises is a condition of the state receiving bailout funds. Meanwhile, Economy Minister Alvaro Santos Pereira said it was "important" that the Government's privatisation of assets such as TAP be partly achieved through capital markets (Reuters, 22-May-2013). As previously reported by CAPA, Portugal's Council of Ministers rejected the sole bid received in the Government's previous attempt to privatise the carrier in Dec-2012 due to insufficient financial guarantees.
TAP privatisation to be relaunched once market conditions are favourable: Transport Minister
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On routes to all but one region from Europe, seat growth this winter will both be faster than last winter and higher than its 10-year average. The one exception is Europe to Middle East, the fastest-growing region, where capacity growth will remain at 10%. This report presents analysis of this winter's seat growth for Europe by region and by airline group.
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Over the past three years Jet2.com has increased its peak summer weekly seat capacity by one third. By airport, the biggest share of this incremental capacity has been at Manchester. By destination, the lion's share of its growth has been to Spain, where there is now a capacity glut. Its markets have become increasingly competitive – not only due to other LCCs, but also because of the growth of airlines owned by integrated leisure groups such as TUI and Thomas Cook.