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Lufthansa Wins €1.2bn Deal for Stake in TAP Air Portugal

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Portugal's government has chosen Lufthansa to buy a stake of up to 49.9% in national airline TAP Air Portugal for about €1.2 billion, beating rival bidder Air France-KLM. Prime Minister Luis Montenegro said the German group's offer was 16% higher. Lufthansa, which owns SWISS, has promised to expand TAP's fleet and routes across Portuguese airports, while the Portuguese state keeps a majority holding for now.

By BriefTea Editorial · 14 October 2026 at 19:37

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