4-Jun-2013 12:48 PM

JetBlue and Azul founder interested in TAP and has Brazilian Government encouragement: report

JetBlue Airways and Azul founder David Neeleman is reportedly interested in bidding for TAP Portugal in the Government's upcoming relaunch of the carrier's privatisation, and reportedly has already had contact with the Portuguese Government over the possibility (Jornal de Negocios, 04-Jun-2013). Mr Neeleman reportedly has the encouragement of the Brazilian Government in the pursuit, while the Brazilian Development Bank (BNDES) has reportedly offered a line of credit to assist with the acquisition (Folha de São Paulo, 03-Jun-2013). As previously reported by CAPA, Brazilian President Dilma plans to visit Portugal on 10-Jun-2013, with TAP reportedly being a possible point of discussion. The Portuguese Government has yet to announce a date or details of the privatisation's relaunch.

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