Privatization of Air France-KLM and Lufthansa: They Are Eyeing African and Brazilian Routes.
7 Articles
7 Articles
The decision will be announced in the fall… Air France-KLM and Lufthansa both announced that they had submitted, at the last minute on Wednesday, July 29, a “binding offer” to acquire a stake in TAP Air Portugal. The Portuguese government has decided to sell up to 49.9% of its stake in the national airline, which was renationalized during the Covid pandemic. This partial privatization opens the door to markets with strong growth potential.
By acquiring the Portuguese TAP, Air France KLM can become the 'European champion'. CEO Benjamin Smith said this on Thursday in response to the bid the airline group has made for up to 49 percent of TAP's shares.
The TAP privatization race entered a new phase. Lufthansa and Air France-KLM delivered binding proposals this week and Parpublique now has 30 days to evaluate them. The government hopes to complete the process as early as September.
Lufthansa Group Submits Bid for Minority Stake in TAP Air Portugal
Lufthansa Group has formally submitted a bid to Parpública, the Portuguese state-owned investment company, as part of the bidding process for TAP Air Portugal. The acquisition of an initial minority stake is intended to establish a long-term partnership between the Lufthansa Group and TAP Air Portugal in order to secure TAP’s successful future as Portugal’s national airline on a sustainable basis. Carsten Spohr Carsten Spohr, CEO of the Lufthans…
The companies Lufthansa Group and Air France-KLM have presented on Wednesday, on the last day of the deadline, binding offers to obtain a minority participation in the Portuguese TAP Air Portugal, which raises the process to the next level with the subsequent assessment of the Portuguese Government, before deciding on the choice of the final bidder in early September. This has been confirmed by both companies in two reports on an operation in wh…
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