Air France-KLM and Lufthansa compete for TAP Air Portugal.
Air France-KLM and Lufthansa are bidding to buy TAP Air Portugal. The Portuguese government wants to sell part of the airline. Other airlines are interested in the privatization process.
TAP Air Portugal was originally a state-owned airline. It was nationalized during the COVID-19 pandemic. Several airlines, including Air France-KLM and Lufthansa, have made offers to buy shares. The Portuguese government set a deadline for these bids. Lufthansa sees TAP as a potential hub for travel to South America.
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Highlights
Air France-KLM Makes Initial Offer
Air France-KLM formally offered to buy TAP.
Lufthansa Seeks Minority Stake
Lufthansa wants to buy a small part of TAP.
Privatization Process Underway
Portugal plans to sell a stake in TAP.
Multiple Bids Received
Three airlines are bidding for TAP.
IAG Withdraws from Competition
IAG stopped trying to buy TAP.
Perspectives
- Air France-KLM and Lufthansa have made offers for TAP.
- Portugal is privatizing TAP after the COVID-19 crisis.
- The Portuguese government expects three bids for TAP.
- The bids are part of TAP's privatization process.
Lufthansa sees TAP as a hub for South America.
Der Standard, Der Spiegel
Air France-KLM and Lufthansa are focused on privatization.
Público, Le Monde, New