Taking Over Europe? Lufthansa Picked To Buy TAP Air Portugal
Lufthansa Group's accepted $1.3 billion bid is a significant step towards TAP Portugal's privatization.
By Louis HardimanZimbabwe
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Lufthansahas defeated Air France-KLM to purchase a 44.9% share in TAP Air Portugal, the Independent reports. The two aviation groups were the only bidders in the contest. It is a significant step towards privatizing Portugal's airline. Although the deal has been made, it still requires European Union approval.
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About this article
- Length
- 49 words · 1 min read
- Published
- October 14, 2026
- Byline
- Louis Hardiman
- Source
- Simple Flying