A spokesman for IAG declined to comment on the report.
Portugal has been forced to privatize the airline as a condition of its 78 billion euro ($109 billion) bailout by the European Union and International Monetary Fund.
BA recently merged with Spain's Iberia to create International Consolidated Airlines Group SA (IAG.LN, IAG.MC) and sources say the group plans to lead the chase for the Portuguese carrier, the newspaper said.
Lisbon has been forced to privatize TAP as a condition of its EUR78 billion bailout by the European Union and International Monetary Fund, it added.
Lisbon has been forced to privatise TAP, following Lisbon’s £69 billion bail out by the European Union and International Monetary Fund. Tap made a loss of 3.5m euros last year.
BA recently merged with Iberia to create Spain’s International Airlines Group (IAG), which is led by Willie Walsh. Informal talks have been held by IAG and TAP, and an auction of the Portuguese airline is expected to kick off this summer.
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