Well, that's what it says on this report (follow the link)
link: http://www.aeroin.net/avianca-e-azul-finalistas-tap/ (in portuguese only. Sorry).
a few points, roughly translated:
Thank you. Cheers.
link: http://www.aeroin.net/avianca-e-azul-finalistas-tap/ (in portuguese only. Sorry).
a few points, roughly translated:
- Apparentely TAP is on the market and the two purchasing contenders are AZUL (from Brazil) and AVIANCA-TACA.
- Negotiations and final decision will be made depending on the transfer of value to the government (which should be almost zero since the Portuguese company's cash situation is bad ) and the ability to refinance the company's debt.
- The report also mention the TAP employee's dissatisfaction and their protest against the company's privatization.
Thank you. Cheers.
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