Monday, June 1, 2015

Sergio Monteiro: Candidates TAP have shown openness to … – Jornal de Negócios – Portugal

Sergio Monteiro: Candidates TAP have shown openness to improve proposals

The Secretary of State for Transport and Infrastructure, Sérgio Monteiro, said this Monday that the candidates are in the running to buy TAP have shown openness to improve technical and financial aspects of the proposal.

“The dynamics of the negotiations has been positive in order to be opened by candidates to improve technical and financial to the proposal, but we have to wait until Friday at five o’clock for the delivery, “said Sérgio Monteiro, at the ceremony marking the first day of Infrastructure company Portugal structures.

Binding and improved proposals of the two candidates still in the race for the privatization of TAP, Germán Efromovich and David Neeleman, must be submitted until 17:00 of the day June 5, Friday.

Since Wednesday, have been held meetings with two groups that passed the stage of negotiations for the acquisition of up to 66% of TAP Group, owner of the air carrier.

“If [the proposals] are not enhanced we will take a decision on the basis of deliveries on 15 May, but let me say that the expectation that the state has is that the proposals are improved,” he said, adding that has been present in some of these meetings.

The proposed Germán Efromovich, owner of the air carrier Avianca and Synergy Group, includes the delivery of 12 new Airbus planes after the transfer of the company’s shares and renewal Portugalia fleet with Embraer aircraft by 2016, and the entrepreneur proposes recapitalize the company at 250 million euros, according to reports advanced by the press.

David Neeleman, boss of the Brazilian airline Azul and is in partnership with Humberto Pedrosa, Barraqueiro group promises to strengthen the TAP with 53 new planes and invest 350 million euros.

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