Portuguese Government requests final proposals from Lufthansa and Air France-KLM for TAP stake
Portugal's Council of Ministers approved (04-Sep-2026) a resolution for the start of the negotiation phase with Air France-KLM Group and Deutsche Lufthansa for the purchase of 44.9% of TAP Air Portugal. The council requested Deutsche Lufthansa and Air France-KLM to submit their final and improved proposals, ensuring the necessary conditions for the selection of the investor and the completion of the final stages of the operation. [more - original PR]
Background ✨
Parpública submitted its assessment of Lufthansa and Air France-KLM's binding offers for 44.9% of TAP Air Portugal to Portugal's Government on 01-Sep-2026, with the Ministry of Finance saying it would analyse the report and opine "in due course"1. Portugal's Infrastructure Minister Miguel Pinto Luz said selection was a "strategic decision" beyond price, requiring commitments to strengthen TAP's network at Lisbon and across Portugal's nine other airports2.