Updated
Updated · Bloomberg · Apr 23Air France-KLM and Lufthansa Advance in Bid for TAP Stake
2 articles · Updated · Bloomberg · Apr 23
- Portugal has invited Air France-KLM and Lufthansa to submit binding bids for a minority stake in TAP SA.
- Both airline groups advanced after meeting criteria, including a commitment to maintain TAP’s hub in Portugal.
- This marks a key step in the partial privatization of one of Europe’s last state-owned airlines.
Is TAP's strategic network to Brazil and Africa really worth the €700 million price tag? Could privatization ultimately weaken Portugal's control over its most strategic international routes? Which bidder has a more credible plan for Portugal's regional airports like Porto and Faro? Can Air France-KLM's promise of labor peace prevent future job cuts and strikes at TAP? If TAP joins SkyTeam, how will the global airline alliance map to South America change? How will the winner overcome EU demands to surrender valuable slots at Lisbon's crowded airport?