International Airlines Group (IAG) chief executive Willie Walsh has revealed his group is considering a bid for rival carrier TAP Portugal.
TAP is being privatised by the Portuguese government as a condition of the recent bail-out of the country by the European Central Bank and International Monetary Fund.
“We are particularly interested in TAP because it has a very strong network into Brazil,” explained Walsh earlier.
“TAP is the number one player between Europe and Brazil.”
He added: “You can expect us to look at it closely because it is an opportunity that could add value to the group.”
Lufthansa and Air France-KLM have also been mooted as possible buyers for the airline.
A tie up with TAP would give IAG a strong position in key transatlantic markets.
IAG already dominates the North Atlantic through BA’s position at Heathrow, while Spanish-speaking Latin America is covered through Iberia out of Madrid.
In 2010 TAP Portugal was recognised as the World’s Leading Airline to South America at the World Travel Awards.
Also in the Europe today, City.Mobi is celebrating the success of its new guide to London.
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