Lufthansa Group is reportedly interested in acquiring a stake in the Portuguese airline TAP, as the Portuguese government prepares to privatise the state-owned carrier.
Carsten Spohr, Lufthansa’s CEO, is set to meet with Portuguese government officials to discuss the potential investment. Lufthansa is considering a 19.9% stake in TAP, joining other interested parties such as Air France-KLM and IAG (the parent company of British Airways and Iberia).
TAP’s strong connections to Brazil and presence in Africa make it a valuable asset. This move follows Lufthansa’s recent minority stake acquisition in Italy’s ITA Airways.
This post was published on 2 September 2024 18:46
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