The Lufthansa Group has formally expressed its intention to participate in the tender for the privatization of TAP Air Portugal.
The state holding company Parpública has indicated that it plans to sell up to 44.9% of the shares. Following the tender, the stake will be sold to either a single company or a consortium. The submission deadline is November 22.
Given European Union regulations that prevent additional state investment, TAP aims to bring in a strategic partner to strengthen its route network, brand, and operational efficiency. The buyer will be selected based not only on financial terms but also on airline operating and management experience. The Portuguese government has also approved the sale of up to 5% of shares to employees.
In addition to acquiring a stake, the Lufthansa Group aims to build a long-term partnership and enhance Portugal’s global connectivity. Both airlines are members of Star Alliance, and the Lufthansa Group has been operating in Portugal for more than 70 years, with over 280 weekly flights.
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