Lufthansa Wins $1.3B Stake in Portugal's TAP Air

Key Facts

1Germany's Lufthansa won a bid to acquire a 49.9% stake in Portuguese flag carrier TAP.

2The deal is valued at $1.3 billion, beating a rival bid from Air France-KLM.

Germany's Lufthansa won a bid to acquire a 49.9% stake in Portuguese flag carrier TAP. The Wall Street Journal reported that the deal is valued at $1.3 billion, with Lufthansa beating a rival bid from the Air France-KLM group.

The acquisition is part of Lufthansa's strategy to expand its European footprint. Lufthansa stock (DLAKF) closed at $8.08 on October 12, 2026, while rival Air France-KLM (AFLYY) closed at $1.15 on October 13, 2026.