TAM joins IAG in bid for TAP
12 May 2011British Airways’ parent International Airlines Group (IAG) has a potential rival in bidding for TAP Portugal, with Brazilian carrier TAM considering a takeover of the Portuguese carrier.
TAP is a member of the Lufthansa-led Star Alliance, as is TAM, while BA is a leading member of the rival alliance Oneworld. However, TAM is awaiting regulatory approval for a merger with Latin America’s other major carrier, LAN – a Oneworld member.
source: travelweekly.co.uk
