Lufthansa secures Minority stake in TAP Air Portugal as Air France‑KLM Loses bid
Written by AI from 8 reports listed below. Not checked by a person before publication. How we use AI
The Portuguese government announced that Lufthansa Group will acquire a minority shareholding in TAP Air Portugal, beating a competing offer from Air France‑KLM.
Stake Details
Lufthansa Group will hold a 44.9% stake in TAP Air Portugal, with the Portuguese government remaining the majority shareholder and 5% reserved for employees. The deal is valued at €1.2 billion for the non‑controlling shareholding, exceeding Air France‑KLM’s offer by 16%.
Prime Minister Luis Montenegro announced the decision on 14 October 2026.
Financial Figures
The operation’s total value, including the employee reserve, is reported as €1.201 billion in one source and €1.2 billion in another.
Air France‑KLM’s competing bid was reported as €1.038 billion for a 49.9% stake.
Future Plans
Lufthansa plans to expand TAP’s fleet to 130 aircraft after a new major airport opens in Lisbon, with an intermediate target of 117 aircraft by 2035.
Lufthansa Technik Portugal is constructing a 55,000 m² facility near Porto, slated for full operation in 2028 and expected to provide up to 700 skilled jobs.
Paris‑CDG Perishables Centre Automation
Air France‑KLM Martinair Cargo will automate its Perishables Centre at Paris‑Charles de Gaulle Airport with a 10‑ft wide elevating transfer vehicle from Lödige Industries, serving 58 storage decks, including 17 temperature‑controlled decks.
The system is scheduled to become operational at the end of September 2027.
Analysed 8 reports from 8 publishers
Used in this story
- flynashville.com
- aerotime.aero
- skift.com
- payloadasia.com
- aircargoweek.com
- cargoforwarder.eu
- airlinegeeks.com
- simpleflying.com
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