TAP Portugal said in a statement yesterday that it is pursuing "potential acquisition [or] shareholder participation" in rival Portugalia Airlines. "The process is in its initial phase and no formal commitment has yet been entered into by the interested parties," the company said. TAP is working with Espirito Santo Financial Group.

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.