Lufthansa Group acquires 44.9% stake in TAP Air Portugal
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On October 14, 2026, the Portuguese government selected Lufthansa Group to acquire a 44.9% non-controlling stake in TAP Air Portugal; Lufthansa will pay €1.2 billion ($1.3 billion), defeating competitor Air France-KLM. Portuguese Prime Minister Luis Montenegro said Lufthansa's bid was 16% higher than Air France-KLM's. The report said this is another step in Lufthansa's European consolidation strategy after its investment in Italy's ITA Airways, and strengthens its position in the Europe-to-Brazil market, where TAP's network covers 14 cities and will increase to 15.
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- Skift FeedSelectedPortugal chooses Lufthansa over Air France-KLM to acquire 44.9% stake in TAP
The Portuguese government selected Lufthansa Group to acquire a 44.9% non-controlling stake in TAP Air Portugal, with Lufthansa to pay 1.2 billion euros ($1.3 billion), beating rival Air France-KLM. Portuguese Prime Minister Luis Montenegro said Lufthansa's offer was 16% higher than Air France-KLM's. This is another step in Lufthansa's European consolidation strategy following its investment in Italy's ITA Airways, and strengthens its position in the Europe-to-Brazil market, where TAP's network covers 14 cities and will increase to 15.
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