{"id":186202,"date":"2026-04-02T14:00:41","date_gmt":"2026-04-02T14:00:41","guid":{"rendered":"https:\/\/aviacionaldia.com\/?p=186202"},"modified":"2026-04-02T21:16:04","modified_gmt":"2026-04-02T21:16:04","slug":"lufthansa-joins-air-france-klm-in-bidding-for-tap-air-portugal-iag-withdraws-from-process","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2026\/04\/lufthansa-joins-air-france-klm-in-bidding-for-tap-air-portugal-iag-withdraws-from-process.html","title":{"rendered":"Lufthansa Joins Air France-KLM in Bidding for TAP Air Portugal; IAG Withdraws from Process"},"content":{"rendered":"\n<p>The race for Portugal&#8217;s flag carrier has entered a decisive phase. <strong>Lufthansa Group<\/strong> and <strong>Air France-KLM<\/strong> formalized their non-binding offers this Thursday to acquire a stake in <strong>TAP Air Portugal<\/strong>, while International Airlines Group (IAG)\u2014the parent company of British Airways and Iberia\u2014has decided to withdraw from the privatization process.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Details of the Privatization Process<\/h2>\n\n\n\n<p>The Portuguese Government reactivated the airline&#8217;s privatization process in July, following several delays. The primary objective of the authorities is the sale of a 44.9% stake to an industrial partner capable of boosting the company&#8217;s competitiveness and global reach.<\/p>\n\n\n\n<p>Additionally, 5% of the company&#8217;s capital has been reserved for acquisition by the airline&#8217;s employees. According to government guidelines, proposals submitted last Thursday before 16:00 had to meet specific requirements:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Economic Proposal:<\/strong> A defined price for the stake in the airline.<\/li>\n\n\n\n<li><strong>Industrial and Strategic Plan:<\/strong> A detailed project for the company&#8217;s development.<\/li>\n\n\n\n<li><strong>Expected Benefits:<\/strong> An analysis of the positive impact of the integration on Portuguese aviation.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Movements of the European Giants<\/h2>\n\n\n\n<p>The competitive landscape has been redefined following the deadline for receiving bids.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Lufthansa and Air France-KLM in the Running<\/strong><\/h4>\n\n\n\n<p>A Lufthansa spokesperson confirmed to Reuters that the German group submitted its offer following the initial move made by the Franco-Dutch conglomerate Air France-KLM. To date, neither organization has disclosed the financial amount of their proposals, and the German carrier has opted not to issue detailed public statements regarding the terms of its bid.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>The Withdrawal of IAG<\/strong><\/h4>\n\n\n\n<p>Despite having shown initial interest in the Portuguese asset, IAG issued an official statement announcing its decision not to proceed with the acquisition. The group justified its withdrawal after &#8220;careful consideration,&#8221; noting that it is currently prioritizing growth opportunities within its existing brands.<\/p>\n\n\n\n<p>With the non-binding offers on the table, the process now enters a technical evaluation phase. The Portuguese government will analyze the industrial and strategic plans presented by Lufthansa and Air France-KLM to determine which of the two consortia offers the best guarantees to strengthen TAP&#8217;s position in the international market, ensuring the airline remains a driver of connectivity for the country.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"related-topics\">Related Topics<\/h2>\n\n\n\n\t\t\t<div class=\"wp-block-uagb-post-grid uagb-post-grid  uagb-post__image-position-top uagb-post__image-enabled uagb-block-9e302684     uagb-post__items uagb-post__columns-2 is-grid uagb-post__columns-tablet-2 uagb-post__columns-mobile-1 uagb-post__equal-height\" data-total=\"417\" style=\"\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"uagb-post__inner-wrap\">\t\t\t\t\t\t\t\t<div class='uagb-post__image'>\n\t\t\t\t\t\t\t\t\t<a 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Lufthansa Group and Air France-KLM formalized their&hellip;\n","protected":false},"author":4316,"featured_media":99577,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[230,197,269,203,380],"class_list":{"0":"post-186202","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-airline","9":"tag-airlines","10":"tag-europe","11":"tag-lufthansa-2","12":"tag-tap-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/09\/Tap-Airbus-A330neo.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":"The race for Portugal&#8217;s flag carrier has entered a decisive phase. Lufthansa Group and Air France-KLM formalized their&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/186202","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=186202"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/186202\/revisions"}],"predecessor-version":[{"id":186203,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/186202\/revisions\/186203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/99577"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=186202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=186202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=186202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}