Business And Aviation News

Lufthansa Wins TAP Air Portugal Bid in €1.2B Deal

Lufthansa Group has secured a 44.9% stake in TAP Air Portugal for 1.2 billion euros, beating out Air France-KLM in a bid decided by an all-cash offer and stronger financials. The Portuguese government announced the winner on October 14, 2026, though EU regulatory approval is still pending. This move strengthens Lufthansa’s presence in South America and Portuguese-speaking markets while raising concerns about labor relations and fare coordination.