Portugal Plans to Retain 51% Stake in TAP Amid Reduced Interest from IAG

The Portuguese government has expressed its intention to retain a 51% controlling stake in TAP Air Portugal, following the airline’s recent public-funded rescue. This move ensures that Portugal maintains a majority interest in TAP, safeguarding national interests and providing stability as the airline recovers from financial challenges. However, this approach may affect potential investment from international aviation groups, with IAG (International Airlines Group, UK) reportedly less interested in a deal that does not offer full ownership.