Portugal

Value of TAP’s sale is “fair”. “We know what we’re worth,” says CEO

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 14/10/2026, 14:56:25 UTC.

Briefings

TAP's CEO Luís Rodrigues stated the sale of 49.9% of the airline to Lufthansa was a fair price, noting that no one would pay for an unjust value. The transaction occurred at the World Aviation Festival in Lisbon on October 14, 2026, where Lufthansa paid 1.201 billion euros and acquired the industrial partner role. The German group overtook Air France-KLM in the investment, with Lufthansa promising to increase the fleet to 130 aircraft by 2035. The CEO confirmed he will remain until 2028 and emphasized caution regarding new routes due to economic conditions.

Key points

• Luís Rodrigues, CEO of TAP, declared the 49.9% stake sale to Lufthansa was a fair price, stating no one would pay for an unjust value.
• Lufthansa paid 1.201 billion euros and secured the industrial partner role for TAP following the privatization decision announced by the Portuguese government.

Context

The privatization of 49.9% of TAP to Lufthansa was announced by the Portuguese government after a Council of Ministers decision. The German group, which had approached TAP before the pandemic, offered 1.201 billion euros and promised to increase the fleet to 130 aircraft by 2035. Luís Rodrigues, who has been CEO since July 2025, confirmed he will remain until 2028.

Limitations

The article was published on October 14, 2026, at 14:21:15 UTC. Evidence is limited to the CEO's statements at the World Aviation Festival in Lisbon and official announcements regarding the sale price and fleet targets. Specific details about the company's financial performance prior to the sale or the exact operational impact on routes are not provided in the source material.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 25/10/2026, 17:55:52 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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