Air France-KLM is mulling ways to expand its presence in South America and may pursue an acquisition of TAP Air Portugal.
According to Airline Weekly, the potential deal is part of a wave of European-based airlines looking for ways to grown outside the continent.
During an earnings call earlier this month, Air France-KLM CEO Ben Smith highlighted his company’s interest in TAP: “TAP has a very strong position geographically at the southernmost point in Europe towards South America, and they do have a very strong network to Brazil with 11 cities online nonstop out of Lisbon. So it’s very interesting, and could be potentially eventually accretive
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