Air France-KLM to formalise interest in TAP Air Portugal by end of Nov-2025
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Background ✨
Portugal's President approved the privatisation of TAP Air Portugal in Aug-2025, with the government offering up to a 44.9% stake and setting a sale price of EUR700 million for that portion, valuing TAP at over EUR1.5 billion. Air France-KLM, Lufthansa and International Airlines Group all expressed interest, and investors had 60 days to prequalify before submitting non-binding proposals in the following 90 days1 2 3 4.