Portugal to Sell Majority Stake in National Airline TAP

Portugal's Finance Minister Fernando Medina kicked off the long-awaited sale of TAP Air Portugal Thursday with the announcement that the government would sell a 51% stake in the state-owned airline to the highest bidder.

In addition to monetary value, the Portuguese government seeks an investor that wants to grow TAP and its Lisbon hub, guarantee jobs, and bring additional flights to secondary airports in t