Portugal picks Lufthansa as investor in TAP Air Portugal
Automated
Source: Rynek Turystyczny
Entry prepared automatically based on an official source. Information, not legal advice — details in the source document.
According to Rynek Turystyczny, the Portuguese government concluded that the Lufthansa Group offer was more favorable than the proposal from Air France-KLM. The 44.9% stake is to be sold for €1.2 billion, which is 16% more than the French-Dutch consortium offered.
- Lufthansa declared it would pay for the entire stake in cash.
- The group committed to expanding the route network, including from Porto, Faro, Madeira and the Azores.
- By 2035, the TAP fleet is to grow from 101 to 117 aircraft.
According to the website, TAP currently serves 93 destinations and in the first half of 2026 it carried a record 8.2 million passengers.
Source: Rynek Turystyczny. This post was prepared automatically on the basis of the source; it does not constitute legal advice.