The privatisation process of TAP continues with two competitors. Air France-KLM and Lufthansa are committed to moving forward with the purchase of a minority stake in the company. IAG only wanted the majority.
9 answers about the privatisation of TAP

Context & Explainers

TAP Air Portugal is Portugal’s flag-carrier airline, founded on 14 March 1945 as Transportes Aéreos Portugueses. It began operations in 1946 with Lisbon–Madrid and quickly opened the long “Linha Aérea Imperial” to Angola and Mozambique, symbolically linking mainland Portugal to its overseas territories. TAP entered the jet age in the 1960s, became Europe’s first all‑jet airline in 1967, and rebranded as TAP Air Portugal in 1979. Nationalised after the 1974 Carnation Revolution, it went through cycles of partial privatisation and renationalisation, remaining a strategic state‑controlled company due to its role in connectivity, tourism, exports, and the Portuguese diaspora, especially to Brazil, Africa, and North America. Today TAP operates an all‑Airbus fleet from its Lisbon hub, marketing itself as a bridge between Europe, Africa, and the Americas and as a key economic and symbolic asset for Portugal.
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Other news coverage of this topic
- IAG gives up on buying TAP1:30am, 3 Apr 2026 • Correio da Manhã
- TAP: Iberia owner out of the race for privatisation7:14pm, 2 Apr 2026 • RTP Notícias
- "It was hard to imagine a worse moment" for the privatisation of TAP10:28pm, 2 Apr 2026 • CNN Portugal
- TAP privatisation enters a new phase with Air France-KLM and Lufthansa7:43pm, 2 Apr 2026 • CNN Portugal
- Group that owns Iberia and British Airways has abandoned the privatisation of TAP6:00pm, 2 Apr 2026 • Expresso






