Analysis-With SAS deal, Air France-KLM sets stage for battle over Portugal's TAP
Air France-KLM's decision to take a stake in Scandinavia's SAS airline offers a taste of its potential approach for the next big airline takeover battle in Europe: the fight to resuscitate Portuguese carrier TAP. Portugal's government said last Thursday it plans to sell at least a 51% stake in state-owned TAP, after the cabinet approved the legal framework for the privatisation process. Europe's national carriers have struggled to compete with low-cost airlines like Ryanair and Wizz Air and larger groups like Lufthansa, Air France-KLM and IAG have come in to revamp and sa...
Source: yahoo.com
