Mar. 2 at 4:00 PM
$AFLYY Air France-KLM plans to make bid for stake in Portugal's TAP, Bloomberg says
Air France-KLM plans to participate in the privatization of Portugal's TAP SA, believing the country is a "strategic market," Albertina Torsoli and Nayla Razzouk of Bloomberg reports. The Portugese government is considering selling at least 49% of TAP and Air France-KLM is interested in a minority or majority stake.