Air France, Lufthansa Bid for TAP Portugal.
Lufthansa and Air France are bidding to buy TAP Air Portugal. The Portuguese government is selling a stake in the airline. A decision is expected soon.
TAP Air Portugal was previously renationalized during the COVID-19 pandemic. Now, the Portuguese government wants to sell up to 49.9% of the airline. Lufthansa and Air France-KLM have made offers to buy part of TAP. The goal is to open up access to new markets like Africa and Brazil. A decision about the sale is expected in the autumn.
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Highlights
Lufthansa and Air France Bid
Lufthansa and Air France-KLM are competing to buy TAP Air Portugal.
Competing Offers Submitted
Air France KLM and Lufthansa submitted competing offers to TAP.
Lisbon as a Hub
Air France-KLM wants to use Lisbon as a central hub.
Government Review Process
Parpública has 30 days to deliver a report.
Privatization Goals
The privatization aims to open access to Africa and Brazil.
Perspectives
- Air France-KLM and Lufthansa are competing to buy TAP Air Portugal.
- The Portuguese government is selling a stake in TAP Air Portugal.
- The privatization aims to open access to new markets.
- A decision on the sale is expected in the autumn.