Lufthansa Set to Win Bid for 44.9% Stake in Portugal's TAP Air

Key Facts

1Lufthansa is reportedly set to win the bidding for a 44.9% stake in Portugal's flag carrier TAP.

2Lufthansa outperformed rival Air France-KLM in the bidding process according to sources familiar with the matter.

Lufthansa is reportedly set to win the bidding for a 44.9% stake in Portugal's flag carrier TAP, Reuters reported. The German airline outperformed rival Air France-KLM in the bidding process according to sources familiar with the matter.

The Portuguese government is currently privatizing a significant stake in its national carrier, attracting interest from major European aviation groups seeking consolidation. This potential acquisition represents a strategic expansion for Lufthansa within the Atlantic market.