IAG Leads Race for TAP Stake in European Airline Consolidation
IAG, the owner of British Airways, is positioning itself as a frontrunner in the potential acquisition of a stake in TAP, as consolidation in the European airline market heats up.

Photo Source: AeroTime
International Airlines Group (IAG), the parent company of British Airways, is emerging as a leading contender to acquire a stake in Portuguese airline TAP. The airline’s valuation is estimated at around $1 billion. This development highlights the ongoing trend of consolidation within the European airline market, a move prompted by escalating operating costs and increased competition from U.S., Gulf, and Asian carriers. At a recent aviation conference in Dublin, industry leaders stressed the need for consolidation to better position European airlines against their international counterparts. This acquisition could be a crucial step in boosting IAG’s competitive edge in the global market.