--International Consolidated Airlines Group--which operates BA and Iberia--might not bid for Portuguese carrier TAP unless there is a clear path to eventual majority ownership, the Financial Times says, citing unnamed sources.

--IAG--which alongside Air France-KLM and Lufthansa is interested in the carrier--has told the Portuguese government that it won't bid unless the rules which prevent it from taking a majority control are relaxed, the report says.

--Analysts expect the stake to get around 700 million euros ($810 million), with airlines particularly interested in TAP's African and South American routes, the FT says.

--IAG declined to comment and Portugal's transport ministry didn't immediately respond to FT's request for comment.

Full story: https://shorturl.at/bqmzx

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

March 23, 2026 05:08 ET (09:08 GMT)

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