Portuguese airline TAP Airways strengthens its market position in Brazil as privatization plans advance in Portugal.
The state-owned carrier attracts 12 potential buyers, including industry giants Air France-KLM, Lufthansa, and British Airways.Infrastructure Minister Miguel Pinto Luz confirms the privatization framework stands ready for 2025.
The company shows robust financial performance with operating revenues reaching 3.2 billion euros through September 2024, marking a 2.8% increase from 2023.TAP maintains its strategic focus on Portuguese diaspora routes while expanding its Brazilian network.
The airline now connects 13 Brazilian capitals to Portugal with nearly 100 weekly flights.
Recent route additions include Manaus and Florianpolis.The carrier deploys its flagship Airbus A330-200 on key Brazilian routes, offering 269 seats split between economy and business classes.
CEO Luis Rodrigues emphasizes the companys commitment to serving Brazilian travelers and tourism development.TAP Airways Expands Brazilian Operations While Awaiting Privatization.
(Photo Internet reproduction)Prime Minister Luis Montenegro signals openness to both full and partial privatization options.
The government pledges to preserve TAPs Lisbon hub and core routes serving Portuguese communities worldwide.TAPs Brazilian operation, led by Carlos Antunes, demonstrates market strength through strategic route expansion.
The Manaus route reopening strengthens connections to the Amazon region, while the new Florianpolis service meets growing demand in southern Brazil.The airlines operational success and strong market position explain the significant investor interest.
TAP continues normal operations during the privatization process, maintaining its Portuguese identity while adapting to market demands.TAP Airways Expands Brazilian Operations While Awaiting Privatization