Latest news and stories about tap air in Portugal for expats and residents.
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António Costa, a commentator for CNN Portugal, points out that “aviation is being particularly affected” by the conflict in Iran, meaning this is not the best time for the privatisation of TAP.
The race to privatise the national airline TAP Air Portugal has narrowed to two bidders, Lufthansa and Air France-KLM, following the withdrawal of the International Airlines Group (IAG). IAG, which owns Iberia and British Airways, stated that pursuing a minority stake in the Portuguese carrier did not align with its shareholders' interests. The government agency Parpública now has 30 days to review the remaining proposals.
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.
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.
Lufthansa, Germany’s largest airline and one of the leading carriers in Europe, has said that it will not give up on TAP Air Portugal, confirming it will submit a non-binding The post Lufthansa confirms non-binding bid for TAP appeared first on Portugal Resident.
Lufthansa guarantees it will not give up on TAP and confirms it will submit a non-binding proposal by Wednesday, arguing that it is the partner with the greatest capacity to develop the Portuguese airline.
Should it win the privatisation of TAP, Lufthansa intends for Porto to become a second, smaller hub for the Portuguese airline, with an increase in long-haul flights from Francisco Sá Carneiro Airport. Regarding Lisbon Airport, the German group expects expansion works...
In yet another move that could position it well in the ‘race’ to purchase 44.9% of TAP, German airline Lufthansa has announced an increase in the number of flights it The post Lufthansa increases flights to Portugal due to war in Middle East appeared first on Portugal Resident.
