Portugal's President Marcelo Rebelo de Sousa has officially approved the government's decree to privatize 49.9% of TAP Air Portugal, marking a significant step in the airline's future. The decision comes after the President sought clarifications from the government regarding certain aspects of the privatization process.
In a statement released on the official website, it was confirmed that Marcelo Rebelo de Sousa promulgated the decree following the receipt of necessary governmental explanations. This move paves the way for private investors to acquire a stake in the currently state-owned airline, TAP - Transportes Aéreos Portugueses, S.A.
This development is a pivotal moment for TAP, as it seeks to strengthen its financial standing and operational efficiency through private sector participation.
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