Cuatrecasas advises on €354m Portuguese airline deal

Cuatrecasas, Gonçalves Pereira advised the Gateway consortium on its winning €354 million bid to buy Portuguese national airline TAP.


The Portuguese government is selling a 66 per cent controlling stake in TAP to the consortium.

The consortium was co-founded by David Neelman, an aviation sector entrepreneur who founded four airlines – including Jetblue and WestJet – as well as being the main shareholder in Brazil’s third-largest airline company Azul – Linhas Aéreas Brasileiras.

Diogo Perestrelo, a mergers and acquisitions partner at Cuatrecasas and also one of the firm´s co-managing partners in Portugal, led the 25-strong legal team, which included aviation partner Luís Soares de Sousa and EU and competition partner António Vitorino.



Ben Cook