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Aviation

TAP Privatization Update: IAG Drops Out as Lufthansa and Air France-KLM Go Head-to-Head for Portugal's Flag Carrier

TAP Privatization Update: IAG Drops Out as Lufthansa and Air France-KLM Go Head-to-Head for Portugal's Flag Carrier

The race for TAP Air Portugal has narrowed to two contenders after IAG — the parent company of British Airways and Iberia — confirmed it would not submit a non-binding offer before Wednesday's deadline, leaving Lufthansa Group and Air France-KLM as...