Economy
German government says Lufthansa's purchase of TAP will 'strengthen Europe as a location'
The Portuguese government has selected the Lufthansa Group to acquire an initial 44.9% stake in TAP for 1.025 billion euros, with the possibility of increasing to 49.9%. The acquisition is expected to be completed in the first half of 2028, subject to regulatory approvals.
Why it matters
This deal represents a major shift in the management and strategic outlook of Portugal's national airline, which may eventually impact routes, service quality, and connectivity for residents who rely on TAP for travel.CNN PortugalRead original ↗
