STAYSkift · 1h ago
Portugal Picks Lufthansa Over Air France-KLM for TAP Stake
Executive Brief
The 30-second read
The Portuguese government has selected Lufthansa to acquire a minority stake in national carrier TAP, bypassing a competing bid from Air France-KLM. The deal secures a strategic South American gateway for the German airline group while Lisbon retains majority control.
- 01Lufthansa wins the bid for a minority equity stake in Portugal's national airline TAP
- 02Acquisition provides the German carrier group with a strategic gateway to the Brazilian market
- 03Portuguese government maintains a controlling interest in the airline following the transaction
- 04Lufthansa was chosen over rival European aviation group Air France-KLM for the investment
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Lufthansa gets its gateway to Brazil, but Lisbon still holds the controlling stake – at least for now.