Miguel Pinto Luz, the Minister of Infrastructure, emphasized the government's priority to maximize synergies with a credible international partner and the value of the State's 50.1% stake in TAP. This approach, as explained in an interview with RTP, contrasts with the option of selling a majority stake, aiming instead to grow the company through more routes and aircraft, thereby enhancing the State's share value.
- Strategic Partnership Over Majority Sale: The government's decision to retain a majority stake is seen as a move to ensure long-term growth and sustainability of TAP, with private management taking the helm.
- Political Consensus and Opposition: Pinto Luz highlighted that major political parties, including PS and Chega, had previously agreed on not exceeding a 50% sale, aligning with the current strategy.
- Financial Recovery and Future Prospects: While the full recovery of the three billion euros injected into TAP is uncertain, the focus is on maximizing value through strategic partnerships and investments.
Challenges Ahead: The minister acknowledged the complexities, including legal disputes with crew members potentially costing up to 300 million euros, and the need to preserve jobs, which will be critical factors in the final decision.
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