The Portuguese government’s decision to sell a stake in its national carrier, TAP Air Portugal, has set the stage for a high-stakes battle in Europe’s airline industry. With TAP valued at around $1 billion, major players like International Airlines Group (IAG), Lufthansa, and Air France-KLM are vying for a share, hoping to gain strategic access to the lucrative South American market and bolster their position in Southern Europe.
At the forefront of…
