Transportes Aéreos Portugueses, SGPS, S.A., known to the public as TAP Portugal and commonly known as TAP, is the national airline of Portugal. TAP Portugal is 100 % state owned and has its head office in Building 25 on the grounds of Portela Airport in Santa Maria dos Olivais, Lisbon,[2][3] and has been a member of the Star Alliance since 14 March 2005, the same day on which the company celebrated its 60th anniversary. Its hub in Lisbon is a key European gateway at the crossroads of Africa, South America and North America. Privatization of the airline will be under way in 2012 as part of Portugal's €78 billion bailout agreed by the EU and the IMF.
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