The Portuguese government has officially opened negotiations with Air France-KLM and Lufthansa regarding the privatisation of national carrier TAP Air Portugal. Ant\u00f3nio Leit\u00e3o Amaro, the Minister of the Presidency, confirmed the development on Friday, noting that both groups submitted binding offers to acquire a 44.5% stake in the airline on July 29.<\/p>\n
According to Lusa news agency, Leit\u00e3o Amaro highlighted that while the proposals differ in structure, their overall valuations are remarkably close. He described this similarity as a justification for the state to pursue an “effort to negotiate,” aiming to secure improved terms from both contenders and ultimately move toward selecting a single bidder for final negotiations.<\/p>\n
Parp\u00fablica, the state holding company responsible for managing public stakes, delivered its evaluation report on the two bids to the government on September 1. The partial sale process, relaunched by Prime Minister Lu\u00eds Montenegro\u2019s government in 2025, was narrowed to these two competitors after International Airlines Group (IAG) withdrew from the race.<\/p>\n
Under the decree-law approved a year ago, the sale allows for up to 49.9% of TAP to be sold to private investors, with 5% reserved for employees, ensuring the state retains majority control. Miguel Pinto Luz, the Minister for Infrastructure, stated that while the successful investor could begin joint management of the airline as early as 2026, the actual capital injection is not expected until the summer of 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Portuguese government has initiated talks with both bidders for TAP Air Portugal, seeking to narrow the field before a final sale agreement.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1282,62,1283,1284,1281,1280],"class_list":["post-538","post","type-post","status-publish","format-standard","hentry","category-business","tag-air-france-klm","tag-europe","tag-lufthansa","tag-portugal-economy","tag-privatisation","tag-tap-air-portugal"],"_links":{"self":[{"href":"https:\/\/yovao.com\/index.php\/wp-json\/wp\/v2\/posts\/538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yovao.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yovao.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yovao.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yovao.com\/index.php\/wp-json\/wp\/v2\/comments?post=538"}],"version-history":[{"count":0,"href":"https:\/\/yovao.com\/index.php\/wp-json\/wp\/v2\/posts\/538\/revisions"}],"wp:attachment":[{"href":"https:\/\/yovao.com\/index.php\/wp-json\/wp\/v2\/media?parent=538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yovao.com\/index.php\/wp-json\/wp\/v2\/categories?post=538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yovao.com\/index.php\/wp-json\/wp\/v2\/tags?post=538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}