Overview
- Lufthansa confirmed it filed a letter of intent with state holding Parpública to acquire a minority stake in TAP and pursue a long‑term partnership.
- CEO Carsten Spohr said the proposal aims to strengthen Portugal's connectivity, preserve TAP's Portuguese identity, and support sustainable growth.
- Air France-KLM said it has formally expressed interest in the process, and IAG has previously signaled it is keen on a stake.
- Portugal has not named a preferred bidder as it advances a plan to sell most of its 49.9% holding in TAP with conditions to retain routes to Portuguese-speaking markets.
- TAP reported a return to profit in the July–September quarter, and Lufthansa highlighted its 70-year presence in Portugal, more than 280 weekly flights, and a planned Lufthansa Technik facility near Porto.