# Portugal to Privatize TAP Air Portugal, Selling 44.9% Stake with Two Airlines in Running

_Apr 24 14:02_

Tags: Air France-KLM, Lufthansa, Lufthansa Group, TAP Air Portugal, Africa, Brazil, Portugal, airline, safety & operations, industry news

Portugal's government is advancing the privatization of TAP Air Portugal, inviting Air France-KLM and Lufthansa Group to make binding offers for a 44.9% stake

## Summary

Portugal's government is moving forward with the privatization of national carrier TAP Air Portugal, aiming to sell a 44.9% stake with the possibility of a majority stake later. Two major airline groups, Air France-KLM and Lufthansa Group, have submitted non-binding offers and are now invited to make binding offers. The government will retain 50.1% ownership, while employees will receive a 5% stake. The goal is to complete the sale within a year, potentially involving non-EU airlines. TAP's strategic value lies in its strong network to Brazil, Africa, and the US, which offers synergies for potential acquirers. Regulatory approval remains a key hurdle

## Why it matters

Affects 5 airline programs (Air France-KLM, IAG, Lufthansa...).

## Sources cited

- [One Mile at a Time](https://onemileatatime.com/news/tap-air-portugal-privatization) — Portugal To Privatize National Airline TAP, Sell 44.9% Stake: Two Airlines In Running

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