Portugal Signs TAP Sale Contract with Lufthansa, Pledging to Keep Airline Portuguese
21 Articles
21 Articles
Portugal signs TAP sale contract with Lufthansa, pledging to keep airline Portuguese
The government and Lufthansa have signed a contract for the sale of TAP to the German group, which says it will remain a "Portuguese airline"; the prime minister pledges to preserve the "TAP brand and identity".
Zeit Online
Handelsblatt
It maintains the active license and conducts regular flights on Lufthansa's Airbus A320 to maintain contact with reality. Its leadership was marked by the expansion of the low-cost and the covid-19 pandemic, when it negotiated a rescue of nine billion euros with the German Government, paid before the deadline. Its mandate was renewed until 2028 to make the European consolidation.
At the signing of TAP's capital sale contract, the Prime Minister, Luís Montenegro, and the executive president of the Lufthansa group, Carsten Spohr, are expected to intervene according to a note from the Ministry of Finance released this Monday.
Lufthansa signs €1.025 billion deal for 44.9% stake in TAP Air Portugal
Lufthansa Group and the Portuguese government signed an agreement in Lisbon on 3 November for the acquisition of an initial 44.9% stake in TAP Air Portugal for €1.025 billion. Completion remains subject to regulatory approvals, notably from the European Commission. The investment will be financed entirely from existing liquidity. Lufthansa could increase its holding to […]
The executive president of the Lufthansa group ensures that he wants to develop the Portuguese company, maintaining the tradition and what distinguishes it.
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