TAP invests €20 million in new maintenance hub in Porto

Interested in TAP, Air France-KLM reduces losses but cuts forecasts due to conflict

The Air France-KLM partnership, one of two parties interested in the privatisation of TAP (alongside Lufthansa), reported a reduction in operating losses for the first three months of the year this Thursday, but revised its capacity projections downwards and cost projections upwards due to the uncertainty generated by the conflict in the Middle East and the...

TAP removed from Court of Auditors' oversight, clearing obstacle for privatisation

Changes to the law governing the organisation and process of the Court of Auditors proposed by the Government remove TAP from the entity's oversight, meaning it will no longer be subject to prior approval for contract execution, as reported by Jornal de Negócios. This change, which still requires approval from the Court of Auditors, is considered...

Government may extend deadline for submission of binding proposals for TAP

Air France-KLM and Lufthansa have 90 days to submit their binding proposals for the privatisation of TAP after receiving the invitation letter, but this deadline may still be extended or shortened by the Ministers of Infrastructure and Finance, according to the Council of Ministers resolution published this Tuesday in the Diário da República. The Government approved...

The privatisation of TAP is absolutely necessary

Miguel Frasquilho argues that the sale of TAP is vital. The economist and former chairman of TAP believes that the State should not manage businesses and the company must follow market rules.

TAP maintenance business cools down on the eve of privatisation

TAP is reducing the sale of maintenance and engineering services to external clients, leading to a slowdown in revenue growth for this segment. Challenges such as resource reallocation to internal services, space constraints, parts shortages, and a lack of qualified personnel are hindering the activity. The Aircraft Maintenance Technicians Union (Sitema) is concerned that the company is wasting opportunities ahead of its privatisation, warning that the airline is losing revenue, technical reputation, and the ability to attract talent.

Three years of Luís Rodrigues' leadership between restructuring and the path to privatisation

Luís Rodrigues took over the leadership of TAP in April 2023, with the airline under operational and labour pressure, and reaches his third year in office with positive results and the privatisation process in an advanced stage.

TAP profit fell to 4.1 million euros last year

Annual accounts were penalised by the final quarter of 2025, which saw a loss of 51 million euros due to an extraordinary factor. Currently in the process of privatisation, TAP aims to strengthen its leadership in Brazil.

TAP for sale and Bondalti shopping in Spain

The privatisation of TAP has taken another step forward. Bondalti has gone all in. Meanwhile, oil prices are rising.

Government says Azul litigation will be the State's responsibility and guarantees TAP privatisation will not be affected

Azul has filed a lawsuit against TAP, claiming approximately 189 million euros in the Central Civil Court of Lisbon. Pinto Luz states that the litigation will remain the responsibility of the Portuguese State and will not be transferred to future buyers.

TAP privatisation: Five factors that may explain IAG's withdrawal

The privatisation of TAP will be contested between Air France-KLM and Lufthansa, after the IAG group decided not to submit a non-binding proposal. The owner of British Airways and Iberia points to the impossibility of acquiring a majority stake as the main obstacle, but there are other factors that may have contributed to this decision.

TAP privatisation enters a new phase with Air France-KLM and Lufthansa

Parpública confirms it has received two non-binding offers for the privatisation of TAP

"We will have a less tight race and with less pressure": what is known about the TAP privatisation process

André Veríssimo, a journalist for ECO, analyses the steps that follow until the privatisation of TAP, at a time when two airlines have already submitted proposals to carry out a deal.

TAP privatisation enters a new phase with Air France-KLM and Lufthansa

Two European aviation groups had already formalised the submission of their proposals, while IAG has confirmed its withdrawal from the process.

Privatisation. "TAP will be able to find its way"

Alexandra Machado states that the privatisation of TAP will involve maintaining a strong presence in Portugal. The Economics editor at Observador says that IAG may not have moved forward with a proposal.

Iberia owner out of the race to buy TAP. Privatisation will be contested between Lufthansa and Air France

IAG, which owns Iberia and British Airways, did not submit a non-binding offer for the acquisition of a minority stake in the privatisation of TAP, as reported by ECO and subsequently confirmed by the British group. With the deadline for submitting proposals to Parpública now expired, the race to buy the Portuguese airline...

TAP privatisation moves forward, but the energy crisis impacts the price

European giants have the financial muscle to buy TAP, but they want guarantees of management control

Air France-KLM presents non-binding bid for stake in TAP

Airline group Air France-KLM has followed Lufthansa to present its non-binding bid for a minority participation in TAP Air Portugal – the national flag carrier undergrowing its second privatisation in The post Air France-KLM presents non-binding bid for stake in TAP appeared first on Portugal Resident.

Air France-KLM submits non-binding proposal for TAP. Highlights experience 'working with state shareholders'

Air France-KLM submitted its non-binding proposal to Parpública this Thursday as part of the privatisation of TAP. The Franco-Dutch group reinforces its 'continued and reiterated' interest in the Portuguese airline. 'We firmly believe that the next chapter in this airline's history should be written as part of the Air France-KLM Group, building on this legacy and elevating it...'

TAP: Last day to submit non-binding bids for privatisation

The deadline for submitting bids for the privatisation of TAP ends this Thursday, the 2nd, with three aviation groups having expressed interest: Lufthansa, IAG (owner of Iberia and British Airways), and Air France-KLM. Lufthansa has confirmed it will not withdraw from the process and will submit a non-binding bid, with group strategy head Tamur Goudarzi Pour asserting that they are the partner best equipped to develop the Portuguese airline. While IAG's participation remains uncertain due to concerns over the minority stake on offer, Air France-KLM has confirmed it is working on its proposal. The Portuguese government is looking to sell up to 44.9% of the airline's capital, with 5% reserved for employees.

Deadline for non-binding bids for the privatisation of TAP ends today

Lufthansa has guaranteed that it will not give up on TAP and confirmed that it will submit a non-binding proposal.

Lufthansa guarantees it is not giving up on TAP and will submit a proposal this week

Lufthansa confirms it will submit a non-binding proposal for TAP this week, positioning itself as the partner with the greatest capacity to develop the Portuguese airline. The group's strategy chief, Tamur Goudarzi Pour, stated that they have a strong interest and aim to expand, rather than reduce, TAP's operations. The German group also highlighted its potential to invest in a pilot training school in Portugal, independent of the privatisation outcome, while noting that any acquisition must provide returns for its stakeholders.