TAP. Entrepreneurs applaud the victory of “preferred” Lufthansa, but wanted to sell 100% now

Loading TBN…

Briefings

Portuguese business leaders at the ECO conference in Porto expressed disappointment that TAP Airlines chose Lufthansa as its industrial partner, preferring a full 100% sale to a single buyer. The government approved a 49.9% privatization to Lufthansa, with the remaining 50.1% slated for a second phase by 2028. While Lufthansa offered €1.201 billion for the 44.9% stake, the group also promised to increase TAP's fleet to 130 aircraft. The sale included a €118 million bonus for 5% of workers, and the first minister defended the move as necessary for market failures, though critics argue the state should not be an enterprise player.

Key points

The government approved the privatization of 49.9% of TAP Airlines to Lufthansa on October 14, 2026, with the remaining 50.1% planned for a second phase by 2028.

Business leaders at the ECO conference in Porto criticized the choice of Lufthansa, stating they preferred a 100% sale to a single buyer rather than a partnership.

Context

TAP Airlines is a major Portuguese airline operating under the Star Alliance. The privatization decision was made by the Council of Ministers, with the first minister Luís Montenegro defending the move as necessary for market failures, though critics argue the state should not be an enterprise player.

Limitations

Evidence is limited to a single conference session at Fábrica 2030 in Porto, Portugal, in October 2026. Specific details about the 130 aircraft target, the exact 5% worker bonus amount, and the precise timeline for the second 50.1% sale phase are not fully detailed in the provided text.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 25/10/2026, 17:47:28 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeigqh3ai5qik7eqqo3raux6mu4udrx7jhe7w2x776ctpvzgvxrfxum