Lufthansa Will Buy 44.9% Stake In TAP Air Portugal, Beating Out Air France-KLM

Portugal has picked Lufthansa Group over Air France-KLM for a 44.9% stake in TAP Air Portugal, citing an all-cash offer it says is 16% higher than the rival bid.

来源One Mile at a Time

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In the summer of 2025, the government of Portugal relaunched a project to privatize national carrier TAP Air Portugal, with the goal of selling a large stake in the airline. This has of course been a rather drawn out process, and we’ve known that both Air France-KLM and Lufthansa Group had submitted
There’s now an update, as the Portuguese government has picked a “winner” in the bidding process…
Lufthansa Group wins bid for TAP Air Portugal investment
Lufthansa Group has won the bid for the purchase of a 44.9% stake in Portuguese flag carrier TAP Air Portugal. Employees will get a 5% stake, while the government will retain a 50.1% stake for the time being. An official announcement was made at the extraordinary cabinet meeting in Portugal today, W
Why did Lufthansa Group win out over Air France-KLM? Well, it’s because Lufthansa Group is offering an all-cash deal, while Air France-KLM has a proposal that combines cash and shares in the airline group. In the words of Portuguese prime minister Luís Montenegro, Lufthansa Group was chosen because

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