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TAP Portugal’s Privatization Delayed, Says IAG CEO Luis Gallego

ByAdmin

TAP Air Portugal, the flag carrier of Portugal, may see its planned privatization process delayed until summer 2025 or potentially later. This news comes from Luis Gallego, CEO of International Airlines Group (IAG), who mentioned that the timing could shift depending on the priorities and plans of Portugal’s new government.

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IAG CEO Awaits Decision on Air Europa Capital Increase

ByAdmin

IAG CEO Luis Gallego has not yet confirmed whether the group will take part in Globalia’s proposed capital increase for Air Europa, aimed at strengthening the Spanish airline’s financial stability. This potential investment would enhance Air Europa’s fiscal resilience, particularly valuable as the airline seeks to recover from recent economic challenges and compete effectively within Europe.