Leading European airlines have expressed interest in buying the Portuguese Air Transport (TAP) company, including Air France-KLMand Lufthansa, while the International Airlines Group (IAG) — owners of British Airways and Spain's Iberia — joined the race to acquire a stake in TAP last Friday.
"IAG confirms that it has submitted a declaration of interest to Parpública as part of the government's process for the partial privatisation of TAP," an official source from the group said in a statement. They stressed, however, that "several issues need to be clarified before IAG can propose an investment".
