According to the executive president of the IAG group, Luis Gallego has said that easyJet is the other company on the horizon of the Anglo-Spanish group.

“We are a platform for consolidation. We will only do what makes sense but we see that there are opportunities to be stronger. We are a group that wants to consolidate the industry”, said the IAG executive, quoted by The Times. For Luis Gallego, the European aviation market will follow the model of the United States, which is concentrated in three aviation companies.

The interest in TAP is due to its connections with South America, especially with the Brazilian market, according to the same publication. In the case of easyJet, the shares of this company are trading at 25% of the pre-pandemic value and annual losses of 180 million pounds (209.7 million euros) are forecast.

With the Portuguese Government opening the door to the privatisation of TAP – even though it is not known in what form – speculation increases about who would possibly take a stake in the Portuguese company. Last week, the Air France KLM group stated that the company could be “another option”, as the group is “very familiar with the Iberian Peninsula”.