Lufthansa Group, Air France-KLM Submit Bids for Minority Stake in TAP Air Portugal

The Portuguese government intends to divest itself of as much as 49.9 percent ownership within TAP Air Portugal. Lufthansa Group and Air France-KLM have both formally submitted bids for this minority stake. These two major European airlines are seeking a position within the strategically important Portuguese carrier. The move represents a significant restructuring effort by Portugal’s administration regarding its national airline. This sale process aims to bolster TAP's financial standing and operational efficiency, according to sources.