Air France-KLM ready to meet Portuguese government's conditions for TAP privatisation [Yahoo! Finance]
AIR FRANCE-KLM ADS (AFLYY)
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Source: Yahoo! Finance
participation in a privatisation of flag carrier TAP, and would agree to preserve its brand, network, and local jobs, Air France-KLM's CEO Ben Smith said on Thursday. Air-France KLM will go ahead with the project if the timing and conditions are right, Smith added at a results press conference. The Franco-Dutch group, Lufthansa and British Airways owner IAG have shown interest in TAP's privatisation, which the Portuguese government has said it wants to carry out this year. "The discussions that took place last week were very positive from a political point of view. There is a marked interest in this partnership to be put in place with the public announcements that have been made by (French) President (Emmanuel) Macron along these lines," Smith said. The timing of the privatisation depends on the Portuguese government, Smith said, adding that Air France-KLM is ready to meet requirements on the preservation of TAP's brand and network, as well as the safeguard of local skilled jo
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