Tap privatization news in Portugal

Lufthansa knows which partner it will be sleeping with and clearly does not want it

Pedro Castro, a commercial aviation analyst, states regarding the partial privatisation of TAP that the coexistence between the State and the private sector 'does not work well' and that Lufthansa is trying to remove the Portuguese State from the equation.

Lufthansa and Air France shares drop before Portugal announces TAP buyer

Lufthansa and Air France-KLM are losing ground on the stock market this Wednesday, the day the Portuguese government is set to approve and announce the winner of the 49.9% privatization process for TAP. Shares of the German airline are falling further, down 1.58% to $7.082, while the Franco-Dutch company has depreciated by only 0.14%.

10 PM. Air France-KLM and Lufthansa interested in TAP

Parpública received the offers today from the two companies competing for TAP. Additionally, Cristiano Ronaldo confirms his departure from the national team's training camp and promises explanations later.

Air France-KLM and Lufthansa confirm submission of improved proposal and trade arguments

Air France-KLM and Lufthansa confirm in a statement the submission of their final improved proposals to Parpública and promise a stronger and more competitive TAP if they win the privatisation. 'We confirm that we have submitted an updated and improved offer to Parpública as part of the TAP Air Portugal privatisation process, which further strengthens our...'

Air France/KLM and Lufthansa submit improved bids for the purchase of TAP: the ball is in the Government's court

Parpública confirms it has received revised and improved proposals from the two candidates for the privatisation of TAP. It will now evaluate them on their absolute final merit and submit a report to the Government, which is expected to announce the new shareholder by mid-October. Candidates have already reacted.

Air France-KLM awaits new round of negotiations on TAP sale with “anticipation”

The Air France-KLM group stated this Friday (September 4) that it awaits with “anticipation” the new round of negotiations announced by the Government for the purchase of 44.9% of TAP, in which it will compete against Germany's Lufthansa. The group noted that its continued participation reflects its unchanged interest in TAP and that its proposal includes a strategic plan covering passenger transport, cargo, loyalty programs, and MRO services. Minister Leitão Amaro announced that the Government will initiate final negotiations with both candidates, as their offers are globally very close, aiming to secure improved proposals before selecting a final partner.

The reprivatisation of TAP enters the final phase, Portugal moves to recycle more

The process of reprivatising the airline TAP is reaching its conclusion, while Portugal takes steps to increase recycling efforts.

SAPO4 Sept

Portugal Moves Closer To Picking TAP’s New Partner

Finimize1 Sept

9 PM. Government has received the analysis of bids for the purchase of TAP

This is confirmed to Observador by a source from the Ministry of Finance. Additionally, the PS secretary-general asks the Prime Minister not to give credence to the “pyrotechnic effects” of Chega regarding Luís Neves.

10 a.m. Rui Borges admits "distrust".

Statements from the Vitória SC coach following the Sporting vs. Vitória SC match. The FC Porto manager previews the duel in Vila do Conde. Also, Luís Montenegro's speech at the Festa do Pontal.

Fuel costs cause IAG profit to fall 20.6% to one billion in the first half

International Airlines Group (IAG), which owns Iberia and British Airways, reported a net profit of 1.033 billion euros for the first half of the year, a 20.6% year-on-year decline due to rising fuel expenses. Despite the increase in fuel costs linked to the conflict in the Middle East, CEO Luis Gallego stated that the group expects to recover about 60% of the cost increase through revenue and cost initiatives. The group also noted that it has withdrawn from the race to privatise TAP, leaving Air France-KLM and Lufthansa as the remaining bidders.

Air France-KLM swings from profit to a 61 million euro loss between January and June

The airline group, which is a candidate for the privatisation of TAP, recorded 16.756 billion euros in revenue in the first half of the year, representing a 7.4% year-on-year increase.

5 things that will mark the day

This Thursday is marked by the continuation of the first-half 2026 earnings season, with companies such as Air France-KLM, REN, Caixa Geral de Depósitos, Apple, and Amazon among the main highlights. The European unemployment report for June is also being released, as well as the national accounts for the second quarter. It is time...

Lufthansa plans to resume flights to Saudi Arabia and Jordan in the autumn

Lufthansa, one of the aviation groups bidding for the privatisation of TAP, stated that air connections will be resumed gradually.

Air France-KLM reports a loss of 287 million euros between January and March

Air France-KLM recorded a loss of 287 million euros in the first quarter, a figure slightly lower than the 292 million in the same period of 2025. The company is one of two consortia interested in purchasing TAP.

Portugal asks Air France‑KLM, Lufthansa to submit binding bids in tight race for TAP

TradingView23 Apr

Air France-KLM, Lufthansa Bids Advance in Race for TAP Stake

Bloomberg.com23 Apr

Price “will be essential” in choosing TAP buyer. Industrial proposals from Air France and Lufthansa are “equivalent”

Price is expected to be the deciding factor in choosing the winner of the TAP privatisation, as Air France-KLM and Lufthansa have presented “very equivalent” industrial projects. Air France-KLM and Lufthansa presented “very ambitious and very equivalent industrial plans,” stated the Minister of Infrastructure, Miguel Pinto Luz, during the briefing of...

Government gives green light to Air France-KLM and Lufthansa for the next phase of TAP acquisition. Price will be "central" to break the tie

The Portuguese government has invited Air France-KLM and Lufthansa to submit binding offers for a 44.9% stake in TAP. Ministers highlighted the strategic importance of integrating the airline into a major European aviation group, noting that both initial proposals are highly competitive. Consequently, the final purchase price is expected to be the deciding factor in the selection process. The government aims to conclude the process by early autumn, with the bidders now entering a 90-day period for due diligence and final proposal submission.

Parpública recommends that the Government invite Air France-KLM and Lufthansa to submit binding proposals for the purchase of TAP

Both groups applied for the privatisation of TAP at the beginning of the month. Now, the Government led by Luís Montenegro is expected to invite them to submit a formal offer. The decision is expected to be made at this Thursday's Council of Ministers meeting.

Geopolitics and fuel increase uncertainty over TAP's value

Tension in the Middle East and fuel volatility have increased uncertainty surrounding the valuation of TAP, and IAG's withdrawal from the race also reduces the Government's bargaining power, according to experts.

Lufthansa Group faces pilot strike on Monday and Tuesday

The stoppage will take place between 00:01 on Monday and 23:59 local time on Tuesday and includes the various companies in the group: Lufthansa, Lufthansa Cargo, Lufthansa CityLine, and Eurowings.

German union calls for Lufthansa cabin crew strike on Friday

The UFO union called on Wednesday for cabin crew at German airlines Lufthansa and CityLine to strike on Friday, as part of a labour dispute that has been ongoing for months. All flights operated by these two companies of the European group, departing from Frankfurt and Munich airports, the two...

Minister of Infrastructure admits TAP sale even with only one bidder

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

Lufthansa's CEO believes proximity of Madrid and Paris poses a threat to Lisbon hub

Carsten Spohr argues that the Lisbon hub would have a “unique” position within the Lufthansa group, which he sees as a strong point for the German bid. He also states that the geographical position of rival candidates for the privatisation of TAP makes them a threat to the Portuguese hub and raises further questions regarding European competition rules.