CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

Portugal sells 61% of TAP to JetBlue entrepreneur: official

Published: 11 Jun 2015 - 05:18 pm | Last Updated: 13 Jan 2022 - 01:50 am


Lisbon--Portugal's government said Thursday it will sell its 61 percent stake in struggling airline TAP to US-Brazilian entrepreneur David Neeleman, who founded the low-cost carrier JetBlue.

"The selected bid is that of the Gateway consortium" formed by Neeleman and Portuguese businessman Humberto Pedrosa, said Miguel Poiares Maduro, a minister in the Portuguese prime minister's office.

AFP