Lufthansa has entered discussions with the Portuguese government regarding a complete acquisition of national flag carrier TAP in a potential deal valued at €2.552 billion. The talks precede the scheduled signing of an initial deal for a 44.9% stake worth €1.201 billion. Secretary of State for Infrastructure Hugo Espírito Santo stated that the German aviation group must cover any remedies or conditions imposed by European competition regulators to approve the privatization.
Lufthansa Discusses Full Acquisition of Flag Carrier TAP
Monday, 2 November 2026AI summary
Context & Explainers
Hugo Espírito Santo is Portugal's Secretary of State for Infrastructure (Secretário de Estado das Infraestruturas). In this role within the Ministry of Infrastructure and Housing, he manages major national infrastructure assets, transport policies, and state-backed airline restructuring.
