Lufthansa to Acquire 44.9% Stake in TAP Air Portugal for €1.2 Billion
Lufthansa is set to acquire a 44.9% stake in TAP Air Portugal for 1.2 billion euros, a move announced by the Portuguese government which will retain majority ownership. The German airline outbid Air France-KLM for the stake, with the deal…
Orlando Daytona Beach Melbourne, FL, October 14, 2026 —
Lufthansa is set to acquire a 44.9% stake in TAP Air Portugal for 1.2 billion euros, according to an announcement by the Portuguese government. The government will retain majority ownership of the airline, leaving Lufthansa with a minority stake if the transaction proceeds.
The German airline was selected after outbidding Air France-KLM for the stake. The deal is awaiting European Union regulatory approval, so the proposed acquisition has not yet cleared that review.
The announcement identifies the size of Lufthansa’s proposed holding and the stated value of the transaction, but does not provide a timetable for completion. It also does not detail the terms of the offer or explain the basis on which the bids were compared. The Portuguese government’s continued majority ownership is the ownership detail provided alongside the announcement.
EU approval remains outstanding. No further information was provided about the review process, any conditions that regulators may consider, or when a decision is expected. The announcement also did not specify what steps would follow if approval is granted.
For now, the reported development is a proposed minority investment by Lufthansa, rather than a completed transfer of ownership. The contractor’s name is not relevant to this transaction; additional transaction details, including a completion date, were not provided.
Story summarized from the original created by Associated Press on www.clickorlando.com, see more information here.
