Business News - Portugal: Middle East conflict does not change TAP bid value – Air France-KLM

Alliance of Mediterranean News Agencies (AMAN)1 May

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...

10am. PSD criticises Pedro Delgado Alves for turning his back

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.

Portugal Asks Air France-KLM, Lufthansa To Submit Binding TAP Bids

Aviation Week24 Apr

Montenegro convinced that final proposals to buy TAP will "safeguard Portugal's strategic interest"

Prime Minister Montenegro expresses confidence that the final bids for the acquisition of TAP will protect the national strategic interests of Portugal.

Government invites Air France-KLM and Lufthansa to submit binding TAP bid

Equivalence of proposals favours price increase for TAP. Who has the advantage?

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 almost Gordian knot, the returnee, and the succession

The privatisation of TAP is set to take off on runway 1 — a number to keep in mind. And the political pipeline.

Montenegro convinced that final proposals to buy TAP will "safeguard Portugal's strategic interest"

The Prime Minister also considered that the proposals provide “a positive signal from the point of view of the company's economic valuation”.

TAP: Air France-KLM reiterates interest in remaining in the privatisation race

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.

Finance Minister confident that TAP's strategic value will not be affected by the war in Iran

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.

Government says Air France-KLM and Lufthansa proposals for TAP acquisition are "very equivalent"

At the end of the Council of Ministers meeting where the Government approved a resolution inviting both companies to submit binding proposals.

Government invites Air France-KLM and Lufthansa to submit binding proposals for the purchase of TAP

The two companies have 90 days to submit their binding proposals

Portugal to consider Air France-KLM and Lufthansa bids for TAP

Business Post22 Apr

TAP sells Cateringpor to the Swiss group Gate Gourmet

Gate Gourmet was already a shareholder of Cateringpor and was the only bidder for the purchase. The sale of 51% of the in-flight catering services company was a requirement of the Restructuring Plan. The price was 9.75 million euros.

TAP sells Cateringpor to Swiss company Gate Gourmet

The Portuguese airline states in a press release that the proposal was awarded to the Swiss group Gate Gourmet after following legal procedures, with the deal formalised this Monday.

TAP sells Cateringpor to the Swiss group Gate Gourmet

The Swiss group was the only one to submit a proposal

TAP sells stake in Cateringpor

TAP has sold the stake it held in Cateringpor as part of a public tender. This was an obligation of the restructuring plan agreed with Brussels.

08:00 TAP profits fall by 90%

The airline TAP reported a 90% decrease in profits during the morning update.

9am. Seguro in Leiria and the differences from Marcelo

The President is in the district most affected by storm Kristin. Also, TAP made a profit of 4.1 million euros in 2025. And one month after Seguro took office, what separates him from Marcelo?

TAP records profit drop to 4.1 million in 2025

Attributing the decline to an extraordinary corporate income tax effect, TAP announces profits of 4.1 million in 2025, a sharp drop compared to 2024.

Minister of Infrastructure admits sale of TAP even with only one bidder

Miguel Pinto Luz, heard in Parliament, also guaranteed he has the conditions to lead the process.

6 PM. PSD. Agreement on Constitutional Court gives prestige to institutions

Hugo Soares says he is proud that the PSD, Chega, and PS managed to reach a common ground after several months. Additionally, Pinto Luz admits that the sale of TAP may proceed with an interested party.

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.

Minister admits TAP sale even with a single bidder and claims to have the conditions to lead the process

The goal is to ensure that the operation is carried out with security and transparency, regardless of the number of bidders, stated the Minister of Infrastructure, Miguel Pinto Luz.