{"id":186193,"date":"2026-04-02T12:00:53","date_gmt":"2026-04-02T12:00:53","guid":{"rendered":"https:\/\/aviacionaldia.com\/?p=186193"},"modified":"2026-04-02T21:01:20","modified_gmt":"2026-04-02T21:01:20","slug":"air-france-klm-submits-bid-to-acquire-minority-stake-in-tap-air-portugal","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2026\/04\/air-france-klm-submits-bid-to-acquire-minority-stake-in-tap-air-portugal.html","title":{"rendered":"Air France-KLM Submits Bid to Acquire Minority Stake in TAP Air Portugal"},"content":{"rendered":"\n<p><strong>Air France-KLM <\/strong>has submitted a non-binding offer to acquire a minority stake in <strong>TAP Air Portugal<\/strong>. This move positions the Franco-Dutch group as the first formal bidder in the privatization process relaunched by the Portuguese government, which is seeking a strategic partner to bolster the flag carrier&#8217;s competitiveness.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Strategic Pillar in Multi-Hub Expansion<\/h2>\n\n\n\n<p>Air France-KLM\u2019s proposal is not merely a financial investment, but a key geographical maneuver. According to Benjamin Smith, the group\u2019s Chief Executive Officer, the integration of TAP would allow Lisbon to be established as the group\u2019s sole hub in Southern Europe.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Transatlantic Connectivity:<\/strong> TAP\u2019s primary strength lies in its lucrative slots connecting Lisbon with Brazil, Portuguese-speaking African nations, and the United States.<\/li>\n\n\n\n<li><strong>National Development:<\/strong> Beyond strengthening operations in the capital, the group aims to develop connectivity in other Portuguese cities, including Porto.<\/li>\n\n\n\n<li><strong>Operational Synergy:<\/strong> Smith emphasized that the airline fits naturally into the corporation\u2019s multi-hub strategy.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Privatization Process Details<\/h2>\n\n\n\n<p>In July, the Portuguese government reactivated the sale plan, which initially contemplates the divestment of a 44.9% stake to a strategic partner, with an additional 5% reserved for the airline&#8217;s employees.<\/p>\n\n\n\n<p><strong><em>\u2192 <a href=\"https:\/\/aviacionaldia.com\/en\/2026\/03\/air-france-unveils-summer-2026-schedule-u-s-expansion-asian-reinforcement-and-domestic-restructuring.html\">Air France Unveils Summer 2026 Schedule: U.S. Expansion, Asian Reinforcement, and Domestic Restructuring<\/a><\/em><\/strong><\/p>\n\n\n\n<p>Under the current decree, the State reserves the option to subsequently sell the remaining 50.1% to the buyer of this initial minority stake. Although Air France-KLM is the first to officially make a move, it faces competition from other industry giants such as International Airlines Group (IAG)\u2014owner of British Airways and Iberia\u2014and the German Lufthansa Group.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">TAP Air Portugal\u2019s Financial and Operational Status<\/h2>\n\n\n\n<p>Despite the market interest it attracts, the airline&#8217;s recent financial results show a contrasting outlook:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Passenger Traffic:<\/strong> In 2025, the airline transported 16.9 million passengers, representing a 3.4% increase compared to the previous year.<\/li>\n\n\n\n<li><strong>Fleet:<\/strong> The company currently operates a fleet of 102 aircraft.<\/li>\n\n\n\n<li><strong>Economic Results:<\/strong> During the first nine months of 2025, TAP\u2019s profits dropped by 35.2%, falling to 55.2 million euros.<\/li>\n\n\n\n<li><strong>Revenue:<\/strong> Despite the decline in earnings, revenue experienced a slight uptick of 0.5%, reaching approximately 3.3 billion euros.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Next Steps in the Tender Process<\/h2>\n\n\n\n<p>Following the receipt of this initial offer, the state holding company Parpublica, tasked with managing the process, has a 30-day window to prepare a detailed report on the merits of each proposal.<\/p>\n\n\n\n<p>Once evaluated, the government will select the most suitable non-binding offers and invite bidders to submit binding proposals within a 90-day period. 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Completed<\/a>\n\t\t\t<\/h4>\n\t\t\t\t\t\t<div class='uagb-post__text uagb-post-grid-byline'>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"uagb-post__text uagb-post__cta wp-block-button\">\n\t\t\t\t<a class=\"wp-block-button__link uagb-text-link\" style=\"\" href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/korean-air-redefines-luxury-at-incheon-airport-modernization-of-vip-lounges-completed.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\">Read More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t","protected":false},"excerpt":{"rendered":"Air France-KLM has submitted a non-binding offer to acquire a minority stake in TAP Air Portugal. This move&hellip;\n","protected":false},"author":4316,"featured_media":105736,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[415,230,197,269,416,380],"class_list":{"0":"post-186193","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-air-france-2","9":"tag-airline","10":"tag-airlines","11":"tag-europe","12":"tag-klm-2","13":"tag-tap-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-80x80.jpg",80,80,true],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-300x225.jpg",300,225,true],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2019\/03\/TAP-Portugal.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Air France-KLM has submitted a non-binding offer to acquire a minority stake in TAP Air Portugal. This move&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/186193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=186193"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/186193\/revisions"}],"predecessor-version":[{"id":186195,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/186193\/revisions\/186195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/105736"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=186193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=186193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=186193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}