Portugal

Lufthansa has to pay ‘sign’ of up to 30 million for the purchase of TAP

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 16/10/2026, 08:56:24 UTC.

Briefings

German carrier Lufthansa must pay an initial payment of up to 30 million euros to the Portuguese airline TAP for a 49.9% stake in TAP Air Portugal. This obligation stems from a government resolution selecting Lufthansa as the winner, which mandates a cash payment and bank guarantees. The initial payment amount depends on the stake size: 30.03 million euros for 49.9% or 25.63 million euros for 44.9%. The government expects to sign contracts with Lufthansa by the end of the year, and Lufthansa has 10.727 million euros in liquidity available as of mid-June.

Key points

• Lufthansa must pay an initial payment of up to 30 million euros to TAP Air Portugal for a 49.9% stake, as mandated by a government resolution.
• The initial payment amount is calculated based on the stake size: 30.03 million euros for 49.9% or 25.63 million euros for 44.9%.

Context

The privatization of TAP Air Portugal involves a German carrier winning a 49.9% stake. The government resolution requires the winner to prove the payment and provide bank guarantees. The deadline for the payment is set for the date of the direct sale contracts.

Limitations

The evidence covers the initial payment obligation and liquidity status as of mid-June 2026. It does not specify the exact final contract date or the precise moment the payment becomes due, only that it must occur before contract signing. The evidence does not mention any other potential payment conditions or future liabilities beyond the stated initial payment.

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