Portugal to choose between Air France‑KLM and Lufthansa for TAP stake
Air France‑KLM and Lufthansa have each submitted improved binding offers to acquire a minority stake in TAP Air Portugal. The Portuguese government expects to decide between the two proposals by mid‑October.
Both Air France‑KLM and Lufthansa submitted revised final offers on September 30 to acquire a 44.9% stake in TAP, with 5% reserved for employees.124 The Portuguese state holding Parpublica will review the offers and prepare a report for the government.4 Air France‑KLM plans to make Lisbon its exclusive hub for southern Europe and expand activity in Porto and other Portuguese cities.124 Lufthansa’s improved offer emphasizes a long‑term commitment to Portugal, though specific hub plans were not detailed.14 The government expects to announce its decision by mid‑October.14 Choosing a partner will determine TAP’s future network strategy, affecting airline distribution and revenue opportunities across southern Europe.14 If Air France‑KLM wins, Lisbon could become a major hub, impacting slot allocation, connectivity and operational planning for airlines and airports.14
The Portuguese government will issue a decision on the preferred bidder by mid‑October.14