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Pilot strike may hit TAP Portugal's privatisation

Only alternative for loss-making airline is restructuring and job losses, warns govt

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The 10-day strike by pilots, who are seeking 10 to 20 per cent stake in the airline in case of privatisation, may cost it 35 million euros.

Lisbon

A 10-DAY strike by pilots at TAP Portugal, a plunge into losses and sky-high debt have steered the airline, and the government's plans to sell it to private investors, into turbulence.

With investors required to submit offers by Friday, even Prime Minister Pedro Passos