TAP Portugal hopes to conclude today, or by the end of this week at the latest, the purchase of PGA Portugalia Airlines that has been six years in the making, CEO Fernando Pinto told the European Aviation Club in Brussels. TAP intends to buy nearly all the shares in the Regional airline. Presently, Grupo Espirito Santo owns 84.34% of PGA, which employs 745. Pinto did not disclose the purchase price but told ATWOnline it is "well below the $150 million I read in the press." He added that TAP ...

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