Latest news and stories about tap in finance in Portugal for expats and residents.
The European Commission has formally confirmed that Portugal has fulfilled all commitments under the restructuring plan for the national airline, TAP. This closure marks the end of a process initiated in 2021, which involved a 3.2 billion euro state injection to stabilize the company's finances.
Minister of Infrastructure and Housing Miguel Pinto Luz confirmed that the government is ready to proceed with the privatization of the national airline, TAP, even if only one binding proposal is received. The government is currently awaiting a report from the public holding company Parpública regarding the non-binding offers submitted by Lufthansa and Air France-KLM.
Miguel Pinto Luz is Portugal's Minister of Infrastructure. On Feb 24, 2026 he told journalists in Viseu that works on the A1 motorway in the Coimbra area would be fully completed and traffic restored to four lanes by the end of that week.
Parpública is a state-owned holding company (Parpública - Participações Públicas, SGPS, S.A.) that manages the Portuguese government's equity interests in various companies. It acts as the state's vehicle for handling privatization processes, such as the ongoing sale of a stake in the national airline, TAP Air Portugal.
As the deadline for non-binding bids for TAP's privatisation arrives, major European airline groups face a shifting economic landscape, with Lufthansa confirming its continued interest despite broader sector challenges.
Lufthansa confirms its intent to submit a proposal for the privatisation of TAP, aiming to expand the Lisbon hub and develop Porto as a secondary hub while seeking eventual management control.
The Prime Minister already admits that the partnership with the Lufthansa group could go further, but does not directly mention the privatisation of TAP.
The Prime Minister already admits that the partnership with the Lufthansa group could go further, but does not directly mention the privatisation of TAP.
The senior notes, maturing in 2031, were issued with the company's lowest-ever credit spread in an operation that was oversubscribed by investors.
This is the conclusion of the restructuring plan agreed with Brussels five years ago.
The restructuring plan had been agreed upon with the European Commission in 2021. TAP's Chief Executive Officer, Luís Rodrigues, stated that the completion of the plan marks the moment when the company “accelerates its focus on the future.”
The airline says that the amount has already been returned.
Senior executives from Air France-KLM and Lufthansa, who are in the running for the privatisation of TAP, met with Luís Rodrigues and Carlos Oliveira
Markets such as South America and North America helped TAP increase its revenue and shrink its first-quarter loss for the year
The German group says the hubs are “complementary” and maintains its interest in the privatisation of the Portuguese airline
The Lufthansa Group will exercise its option in June to acquire a majority stake in Italy's ITA Airways, increasing its share from 41% to 90% for 325 million euros, the German airline group announced on Tuesday, the 12th. The acquisition of the additional 49% stake is subject to approval by the European Commission and the US Department of Justice. Lufthansa, which is also a candidate to purchase TAP, expects to complete the transaction by the first quarter of 2027. Once finalized, ITA Airways will be fully integrated into the Lufthansa Group both operationally and financially. Lufthansa maintains that its interest in TAP remains despite the crisis in the Middle East.
Lufthansa maintains its interest in the privatisation of TAP, despite the crisis in the Middle East increasing fuel costs, arguing that the Portuguese airline would strengthen the German group's position in South America.
The impact of the crisis in the Middle East does not shake Lufthansa's interest in the privatisation of TAP, the group's CEO guaranteed this Thursday, alluding to the potential of the relationship between Portugal and Germany mentioned in the meeting between the Portuguese Prime Minister and the German Chancellor this Tuesday. “We have already expressed our interest through...
With stocks guaranteed until June, Lufthansa is preparing scenarios for the risk of potential aviation fuel shortages. Demand in the sector remains strong and there is interest in making a bid for TAP.
Even while considering it unlikely that it will have to pay, TAP recognised Christine Ourmières-Widener's lawsuit as a civil contingency in its 2025 accounts. The legal proceedings were initiated in 2023.
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...
The PSD admits, however, to reviewing access to politicians' income declarations. Furthermore, a former TAP administrator does not take for granted the impact of the war on the company's purchase value.
Prime Minister Montenegro expresses confidence that the final bids for the acquisition of TAP will protect the national strategic interests of Portugal.
The similarity between the industrial plans and the prices offered by Air France-KLM and Lufthansa favours an increase in the final consideration to be paid for TAP. Financially, the German group has the edge, but the Franco-Dutch group also has strong arguments. Following the submission of non-binding proposals by Air France-KLM and Lufthansa, the Government invited...
The privatisation of TAP is set to take off on runway 1 — a number to keep in mind. And the political pipeline.
The Prime Minister also considered that the proposals provide “a positive signal from the point of view of the company's economic valuation”.
Air France-KLM stated today that it is looking forward to the next steps in the TAP privatisation process and reiterated its “strong and continuous” interest in the airline.
The International Energy Agency stated that 'so far, we have lost 13 million barrels of oil per day'. Negotiations between Israel and Lebanon will take place in the United States between ambassadors. We are following the developments of the situation in the Middle East here.
At the end of the Council of Ministers meeting where the Government approved a resolution inviting both companies to submit binding proposals.
