The Portuguese government has chosen German airline group Lufthansa as the preferred partner for the sale of a 44.9 percent stake in TAP Air Portugal. Lufthansa has thus won the competition in which it was rivaled by the French-Dutch group Air France-KLM. Die Zeit ↗
The decision represents a further step toward the partial privatization of the Portuguese airline. TAP was nationalized during the coronavirus crisis, and the Portuguese government now plans to sell a significant portion of its stake to a private investor. Lufthansa is set to become the partner of one of the last independent national airlines in Europe. Tagesspiegel ↗
For the German group, entry into TAP would mean strengthening its international network. The Portuguese company has significant connections to Latin America and Africa, where Lufthansa could expand its range of flights and connection options. The deal also fits into a strategy that shifts part of the group's activities outside Germany.
According to available data, Lufthansa submitted a bid worth several billion euros, though the exact amount has not been disclosed. The Portuguese government has so far selected a preferred partner, while completion of the transaction will depend on further negotiations and the fulfillment of the stipulated conditions. n-tv ↗
Lufthansa's expected entry into TAP could change the competitive landscape in the European air transport market. It is also sparking internal discussions about the further direction of the German group and the extent of its expansion into foreign markets. Welt ↗
Lufthansa gains preferred position in bid to purchase stake in Portugal's TAP
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Sources (8)
Teilverkauf der portugiesischen Tap: Lissabon wählt Lufthansa als bevorzugten Partner
Tagesspiegel
| 14:16 14.10.
AUA-Mutter Lufthansa kann bei Portugals Airline Tap einsteigen
Der Standard
| 14:26 14.10.
Lufthansa vyhrála bitvu o aerolinky TAP Portugal
seznamzpravy.cz
| 14:07 14.10.
Lufthansa má získat 44,9 procenta TAP Air Portugal. Porazila Air France-KLM
fzone.cz
| 07:00 14.10.
Mit dieser Übernahme beschleunigt Lufthansa die Flucht aus Deutschland
Welt
| 14:39 14.10.
AUA-Mutter Lufthansa gewann Bieterrennen um Airline TAP
ORF
| 14:35 14.10.
Fluggesellschaften: Lufthansa erhält Zuschlag für Einstieg bei portugiesischer TAP
Die Zeit
| 14:32 14.10.
Lufthansa gewinnt Bieterrennen um portugiesische TAP
Spiegel.de
| 14:23 14.10.
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