The efforts to secure full control follow the award of a stake of up to 44.9% in the airline to Lufthansa, a deal valued at approximately $1.34 billion or €1.2 billion. Lufthansa beat a competing bid from Air France-KLM for the minority share, which the Portuguese government believes will provide a partner to ensure the survival of the national flag carrier.
Tuesday, October 20, 2026
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Lufthansa Negotiates Total Ownership of TAP After $1.34B Win
Business6 days ago
The aviation group is in discussions with Portuguese authorities to acquire the remaining 50.1% of the state-owned carrier. Lufthansa's chief financial officer confirmed the company is negotiating to take over the rest of TAP Air Portugal in the future, as the Portuguese government seeks political opposition support to facilitate the final sale.
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