Lufthansa submits bid for minority stake in TAP Air Portugal
Chronological coverage
FIRST SEEN29 Jul, 18:19Lufthansa submits bid for minority stake in TAP Air Portugal
German airline group files formal offer for Portuguese flag carrier; Air France-KLM also seeks a stake
Air Data News•Ricardo Meier
FOLLOW-UP29 Jul, 18:36Lufthansa Group, Air France-KLM Submit Bids for Minority Stake in TAP Air Portugal
The Portuguese government is preparing to sell off up to 49.9% of the airline.
AirlineGeeks•Zach Vasile
FOLLOW-UP29 Jul, 18:54Air France-KLM and Lufthansa Group submit rival bids for stake in TAP Air Portugal
Two of Europe’s largest airline groups have formally entered the race to acquire a minority stake in TAP Air Portugal, with Air France-KLM and Lufthansa Group each submitting bids to Portuguese state investment company Parpública as part of the carrier’s privatisation process. Both groups say their proposals go well beyond a financial investment, presenting long-term […]
Aviation24.be•André Orban
FOLLOW-UP30 Jul, 05:00Lufthansa Group and Air France-KLM Submit Binding Bids for Minority Stake in TAP Air Portugal
TAP Air Portugal moves a step closer to privitisation, with both Lufthansa Group and Air France-KLM submitting binding offers for a minority stake in the airline.
AviationSource News•Len Varley
FOLLOW-UP30 Jul, 07:00Lufthansa Group Submits Bid for Minority Stake in TAP Air Portugal
The Lufthansa Group yesterday submitted a bid to Parpública, the Portuguese state-owned investment company, as part of the bidding process for TAP Air Portugal. The acquisition of an initial minority stake is intended to establish a long-term partnership between the Lufthansa Group and TAP Air Portugal in order to secure TAP’s successful future as Portugal’s national airline on a sustainable basis.
Breaking Travel News
LATEST30 Jul, 11:04Lufthansa Group, Air France-KLM submit rival bids for stake in TAP Air Portugal
Competition to become a strategic shareholder in TAP Air Portugal has intensified after both Lufthansa Group and Air France-KLM confirmed they have submitted bids to Parpública, Portugal’s state-owned investment company, as part of the ongoing privatisation process for the flag carrier. Lufthansa Group announced it has submitted a bid for an initial minority stake in […]
AviTrader•Heike Tamm