LONDON (Reuters) -British Airways-owner IAG said it had submitted a statement of interest to buy a stake in Portuguese carrier TAP as part of the government’s part-privisation plan, but said some issues would need to be addressed before it would be willing to invest.
Germany’s Lufthansa said on Thursday it had filed its interest for a minority stake, while Air France-KLM is also a suitor.
“IAG confirms it has submitted a statement of interest to Parpública, in line with the government’s process for the part-privatisation of TAP,” an IAG spokesperson said on Friday.
“However, several terms would need to be addressed before IAG could propose an investment.”
(Reporting by Sarah Young, Editing by Paul Sandle)
