TAP Air Portugal

Lufthansa says TAP deal brings up to €450M in synergies

Lufthansa executives made their case on Thursday, October 15, for the group's planned purchase of a minority stake in TAP Air Portugal, one day after Lisbon chose the German group over Air France-KLM. CEO Carsten Spohr called the deal a…

Lufthansa wins 44.9% TAP stake in €1.2 billion deal

Portugal's government picked Lufthansa on Wednesday, October 14, to buy a 44.9% stake in TAP Air Portugal. Officials valued the deal at 1.2 billion euros ($1.3 billion). The German group beat Air France-KLM, the only other bidder, and becomes the…

Lufthansa, Air France-KLM submit rival bids for TAP stake

Europe's two largest airline groups filed competing binding offers on Wednesday for a minority stake in Portugal's flag carrier TAP Air Portugal, setting the stage for a decision that could reshape transatlantic aviation routes for decades.