Overview
- Lufthansa submitted a formal notice of interest to Portugal’s state holding Parpublica to pursue a minority stake in TAP.
- Air France-KLM entered the contest earlier this week, while IAG is reported to be weighing participation.
- Portugal is offering 44.9% to an industry investor and reserving 5% for employees, keeping a state majority just above 50%.
- Registration closes on November 22, with initial offers due around early April and a decision possible in the summer.
- CEO Carsten Spohr says the goal is to bolster Portugal’s global connectivity, preserve TAP’s identity, and potentially develop Lisbon as an Atlantic hub.