Economy
TAP sale should only be concluded in 2028 after Brussels' green light, warns Miranda Sarmento
The privatization process for TAP will require approval from the European Commission's competition authorities, a process expected to take 18 to 24 months. Consequently, the Minister of Finance noted during the 2027 State Budget presentation that the financial impact of the sale on public debt will likely only be reflected in 2028.
Why it matters
While this concerns a major state-owned company, it signals that the privatization process remains a long-term administrative undertaking rather than an immediate change to airline services or travel conditions for residents.ExpressoRead original ↗
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