IAG Appoints JPMorgan to Advise on Bid for TAP, FT Reports
By Kevin Crowley, Bloomberg News | Sep. 03, 2011
International Consolidated Airlines Group SA has appointed JPMorgan Chase & Co. to advise on a potential bid for Portuguese airline TAP SGPS SA, the Financial Times reported, citing unidentified people close to the matter.
A deal would help IAG profit from TAP's faster-growing markets, the FT said.