{"id":192929,"date":"2026-10-15T14:00:06","date_gmt":"2026-10-15T14:00:06","guid":{"rendered":"https:\/\/aviacionaldia.com\/?p=192929"},"modified":"2026-10-16T11:18:32","modified_gmt":"2026-10-16T11:18:32","slug":"lufthansa-in-talks-to-acquire-remaining-50-1-stake-in-tap-air-portugal-following-initial-entry","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2026\/10\/lufthansa-in-talks-to-acquire-remaining-50-1-stake-in-tap-air-portugal-following-initial-entry.html","title":{"rendered":"Lufthansa in Talks to Acquire Remaining 50.1% Stake in TAP Air Portugal Following Initial Entry"},"content":{"rendered":"\n<p><strong>Lufthansa Group<\/strong> is engaged in separate, preliminary discussions to potentially acquire the remaining 50.1% majority stake in <strong>TAP Air Portugal <\/strong>down the line, a move that would hand the German airline conglomerate full control of the Portuguese flag carrier. Having already been selected to acquire an initial stake of up to 49.9%, the transaction is shaping up to be the next major milestone in European airline consolidation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Negotiations for Majority Control and State Shareholding<\/h2>\n\n\n\n<p>Lufthansa Chief Financial Officer Till Streichert revealed on Thursday that independent talks are underway regarding the group&#8217;s potential acquisition of the remaining 50.1% stake, which currently remains under state control.<\/p>\n\n\n\n<p>Under the framework of these negotiations:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Equity stake:<\/strong> The Portuguese government could take a stake of up to 5% in Lufthansa, the CFO explained.<\/li>\n\n\n\n<li><strong>Phased structure:<\/strong> This mechanism would allow the Portuguese state to retain an equity presence in the parent group while the complete transfer of the national airline is finalized.<\/li>\n<\/ul>\n\n\n\n<p><strong><em>\u2192 <a href=\"https:\/\/aviacionaldia.com\/en\/2026\/09\/lufthansa-group-bolsters-max-commitment-with-order-for-20-boeing-737-10-jets.html\">Lufthansa Group refuerza su apuesta por la familia MAX: encarga 20 aviones Boeing 737-10<\/a><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Terms of Initial Bid Over Air France-KLM<\/h2>\n\n\n\n<p>The development follows Wednesday&#8217;s decision by the Portuguese government to select Lufthansa to acquire up to a 49.9% stake in TAP Air Portugal for 1.2 billion euros ($1.35 billion), edging out a competing offer from rival Air France-KLM.<\/p>\n\n\n\n<p>The deal, which took years of negotiations and faced repeated delays to materialize, marks the next formal step in the consolidation of Europe&#8217;s commercial aviation sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategic Fit and EU Regulatory Outlook<\/h2>\n\n\n\n<p>Lufthansa Chief Executive Carsten Spohr told reporters that bringing the Portuguese carrier on board is &#8220;a perfect fit&#8221; for the group&#8217;s portfolio.<\/p>\n\n\n\n<p>Lufthansa&#8217;s airline holding already encompasses major network carriers, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Austrian Airlines<\/li>\n\n\n\n<li>SWISS<\/li>\n\n\n\n<li>ITA Airways (where turnaround efforts remain underway)<\/li>\n\n\n\n<li>Other airline subsidiaries across the European group.<\/li>\n<\/ul>\n\n\n\n<p>On the regulatory front, Spohr noted that clearance from the European Commission should prove more straightforward than the acquisition of Italy&#8217;s ITA Airways, pointing to significantly less network overlap and route redundancy between Lufthansa&#8217;s existing hub-and-spoke system and TAP Air Portugal&#8217;s operations.<\/p>\n\n\n\n<p>With closing targeted for the first half of 2028, further progress on the deal hinges on talks surrounding the remaining 50.1% stake and formalizing the Portuguese state&#8217;s equity holding in the German aviation group\u2014cementing one of the most consequential airline M&amp;A transactions in European aviation for the coming years.<\/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=\"434\" 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 href=\"https:\/\/aviacionaldia.com\/en\/2026\/10\/latam-airlines-strengthens-regional-leadership-with-five-honors-at-the-2026-world-travel-awards.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\" class='uagb-image-ratio-inherit'><img decoding=\"async\" width=\"800\" height=\"400\" 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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\/10\/latam-airlines-announces-nonstop-flights-between-santiago-de-chile-and-caracas-starting-in-january.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":"Lufthansa Group is engaged in separate, preliminary discussions to potentially acquire the remaining 50.1% majority stake in TAP&hellip;\n","protected":false},"author":4316,"featured_media":121759,"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-192929","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\/2022\/02\/Tap-Portugal-A330.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/02\/Tap-Portugal-A330.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":"Lufthansa Group is engaged in separate, preliminary discussions to potentially acquire the remaining 50.1% majority stake in TAP&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/192929","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=192929"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/192929\/revisions"}],"predecessor-version":[{"id":192930,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/192929\/revisions\/192930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/121759"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=192929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=192929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=192929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}