Latest news and stories about tap privatization in Portugal for expats and residents.
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.
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...
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.
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.
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.
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.
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...
Miguel Pinto Luz, heard in Parliament, also guaranteed that he still has the conditions to lead the process.
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.
