Lufthansa Group to acquire up to 49.9% stake in TAP Air Portugal

The Portuguese government selected Lufthansa Group to buy a 49.9 percent stake in TAP Air Portugal, offering roughly €1.0‑1.2 billion for the share, while retaining a 50.1 percent majority stake.

The agreement gives Lufthansa at least a 44.9 percent ownership, with 5 percent allocated to TAP employees and the remainder held by the state; Lufthansa already operates 353 weekly flights to six Portuguese destinations, a 75 percent increase since 2019, and plans to expand TAP’s fleet to 117 aircraft by 2035 and to 130 after a new Lisbon airport opens.

Lufthansa Technik Portugal is building a 55,000 m² facility near Porto, slated to be fully operational in 2028 and expected to provide up to 700 skilled jobs, with total direct employment in Portugal projected to exceed 1,000 by 2030.