European Commission extends deadlines for SATA and TAP to complete the divestment of assets
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Background ✨
Portugal's government proceeded with the privatisation of both TAP Air Portugal and Azores Airlines, with the privatisation process for TAP involving the potential sale of up to a 44.9% stake and attracting interest from major European airline groups, while for Azores Airlines, the New Tour/MS Aviation group increased its financial offer and confirmed the shareholding structure of the acquiring entity1 2.