Overview
- Air France-KLM and Lufthansa, which filed proposals Thursday, met the deadline with non-binding offers to buy a minority stake from Portugal’s state holding company Parpublica.
- The government plans to sell 44.9% of TAP, with another 5% reserved for employees, and aims to choose a preferred buyer by summer.
- International Airlines Group is reported to be stepping back because a minority stake lacks a clear path to control, matching prior comments from its finance chief.
- Air France-KLM says it would make Lisbon its only Southern Europe hub, while Lufthansa pitches growth from both Lisbon and Porto without pulling traffic to Frankfurt.
- The outcome could reshape TAP’s alliance ties and traveler experience, with Lufthansa touting Starlink Wi‑Fi across the fleet and a new maintenance site near Porto that would add skilled jobs.