What is the difference between 100% and 49%? As part of an EU bail-out that kept its finances from collapsing, the government of Portugal agreed to sell of a variety of state-owned companies, including flag carrier TAP Portugal. TAP has the strongest network of any European carrier to the huge Brazilian market, and there was widespread interest. International Airlines Group (parent of BA and Iberia) and the Lufthansa Group were just two of the candidates among many airlines and other investment groups.
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