(FILES) An Embraer 190 of Portuguese airline TAP takes off on November 24, 2016 from Toulouse-Blagnac airport. The Air France-KLM and Lufthansa groups have been selected for the next phase of TAP Air Portugal's privatization and are invited to submit binding offers, the Portuguese government announced on April 23, 2026 following a cabinet meeting. The two candidates for the privatization of TAP "will now be invited to move on to the binding offers phase," Finance Minister Joaquim Miranda Sarmento stated during a press conference. (Photo by PASCAL PAVANI / AFP via Getty Images)