Fuel prices won't derail TAP's privatization, says chairman

Deutsche Lufthansa AG

07/06/2026 20:53

By Luciana Magalhaes and Gabriel Araujo
RIO DE JANEIRO, June 7 (Reuters) - Rising fuel costs in aviation will not derail the privatization of Portugal's flag carrier TAP, which could select a strategic partner by year-end, the airline's chairman Carlos Oliveira told Reuters on the sidelines of the IATA Annual General Meeting in Rio de Janeiro on Sunday.
"We are in a very clear, transparent, and well-defined process that was established by the shareholder, which is the Portuguese State," Oliveira said.
The airline is awaiting binding proposals to be submitted by the end of July, Oliveira said, adding that the fuel "situation will have no impact, since it applies to the entire industry."

(Reporting by Luciana Magalhaes and Gabriel Araujo in Rio de Janeiro, editing by Manuela Andreoni)
((manuela.andreoni@thomsonreuters.com))