PortugalPolitics

Revenue for the privatisation of TAP absent from the budget

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 08/10/2026, 14:41:24 UTC.

Briefings

Brazil's state budget lacks a revenue estimate for privatizing 49.9% of TAP, despite the winning bidder announcement scheduled for next week. The executive maintains the practice of not disclosing capital sale values, only referring to the process. The budget report states that after restructuring in 2027, the first privatization phase will close in 2026, selling 44.9% to a selected investor and up to 5% to workers. This revenue does not count toward the budget balance. The Air France-KLM and Lufthansa proposals were finalized on October 30 and are under government review, with a decision expected in the Council of Ministers on October 14. The process is expected to conclude in 2027 after final negotiations and regulatory approvals, including from the European Commission.

Key points

• The state budget explicitly shows a zero revenue figure for the privatization of 49.9% of TAP, despite the winning bidder announcement being scheduled for next week.
• The Air France-KLM and Lufthansa proposals were finalized on October 30 and are under government review, with a decision expected in the Council of Ministers on October 14.

Context

Brazil's state budget lacks a revenue estimate for privatizing 49.9% of TAP, despite the winning bidder announcement being scheduled for next week. The executive maintains the practice of not disclosing capital sale values, only referring to the process. The Air France-KLM and Lufthansa proposals were finalized on October 30 and are under government review, with a decision expected in the Council of Ministers on October 14.

Limitations

The evidence is limited to the state budget report and related news sources. The budget report does not provide specific revenue figures or detailed financial projections. The timeline for regulatory approvals and final contract signing is estimated at 2027, but exact dates for each step are not specified. The source does not confirm the final winner or the exact value of the capital sale.

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