TAP Air Portugal is preparing for expansion in Africa and Brazil as the Portuguese government moves forward with plans to privatize the national airline. At an event in Lisbon, CEO Luis Rodrigues highlighted the airline’s established presence in these regions, serving 13 cities in Brazil and 14 destinations across Africa, including major markets such as Angola and Mozambique.
Rodrigues emphasized the significant potential for growth in Brazil, noting that tourism represents about 6% of Brazil’s GDP compared to 16% in Portugal. He also pointed out opportunities in Africa, despite certain constraints. TAP’s current network spans North America, South America, Europe, and Africa, providing what Rodrigues described as “incredible diversity.” The company aims to simplify its geographic focus while seeking synergies in maintenance and engineering.
The privatization plan involves selling a 44.9% stake of TAP Air Portugal to private investors and an additional 5% to employees. This move is expected to bring new capital, aircraft, and marketing resources to help scale TAP’s operations. According to Rodrigues, "These links create a valuable visiting friends and relatives (VFR) dynamic," with Lisbon remaining a key connecting hub between continents.
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