TAP Portugal said its privatization process could start next year. CEO Fernando Pinto stated at the ALTA meeting in Panama City that privatizing the carrier "is part of a [government] plan and this process could start in 2011." TAP enjoys high load factors on its long-haul routes, especially to South America and Africa, "but the high fuel price spoils everything," Pinto stated. Nevertheless, TAP operates up to 80 weekly flights to Brazil. In order to privatize, an ...

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