IAG Emerges as Leading Contender for TAP Acquisition Amid March Sale Launch and Surging Passenger Numbers

International Airlines Group (IAG) has emerged as the leading contender to acquire the Portuguese airline TAP, which is preparing for privatization. Recent reports indicate that passenger numbers from Brazil and the United States have surpassed pre-COVID levels, signaling a recovery for the airline. The Portuguese government is finalizing its advisory team for the sale, with the law firm Morais Leitão selected to assist in the process. The sale is expected to be launched in March 2025, as TAP seeks to enhance its financial stability and operational efficiency following the pandemic.