Fernando Pinto said that the financial results of the company in 2014 have not dampened enthusiasm by busi-
nesses keen to invest in the airline.
“We do not have any reports of a loss of interest,” he said during the presentation of the results, the last to be given before privatisation occurs.
The losses reported by TAP were put down to a combination of factors, not least the delay into service of six new planes into the fleet, 22 days of strike action and operational incidents.
Fernando Pinto said that while potential interested parties had asked him why the company was spending so much time hitting the headlines over a particularly bad summer season, he believed that situations such as these “happen in the history of a company but do not get
repeated”.
Pinto said that thus far, apart from some damage to the brand, the company “was working on recovering”, the privatisation process had seen presentations made and informal talks held.
However, with a second phase of the privatisation process starting, the CEO said the company would engage in more formal contacts in the run up to the 15May deadline for submitting binding bids before dismissing any discussion as to those potentially interested or their numbers on the grounds of confidentiality.