Lufthansa Group, Air France-KLM submit rival bids for stake in TAP Air Portugal

Intense competition has emerged as Lufthansa Group and Air France-KLM have both submitted bids to Parpública, the Portuguese state-owned investment company, regarding a stake in TAP Air Portugal. This move follows the ongoing privatization process of the struggling flag carrier. Lufthansa Group’s bid targets an initial minority shareholding within the airline. Air France-KLM also presented its offer as part of this strategic investment opportunity. The submissions represent a significant escalation in efforts to gain influence over one of Europe's largest airlines.