Several major European airline groups have formally expressed interest in acquiring a stake in TAP Air Portugal as Portugal moves forward with plans to partially privatize its national carrier. The government is preparing to sell up to 44.9% of TAP, with an additional 5% reserved for employees.
Lufthansa Group confirmed it will bid for a minority share, citing strong commercial ties with Portugal and its belief that TAP could boost Lisbon’s role as an Atlantic hub. The company said deeper integration would enhance connectivity between Europe and key long-haul regions including South America, Africa, and North America.
Air France-KLM has also submitted a proposal, while International Airlines Group – parent company of British Airways, Iberia, Aer Lingus and Vueling – has signaled its interest as well. The competition underscores TAP’s strategic value, particularly its strong network to Brazil, one of Europe’s most important long-haul markets.
The privatization process marks a significant step for Portugal as it seeks to strengthen TAP’s financial footing and future competitiveness through a major airline partnership.
