Economy

Integration of TAP into Lufthansa could create the 4th largest airline group in the world by revenue

The Portuguese government has selected Lufthansa to acquire up to 49.9% of TAP, aiming to create Europe's largest airline group by revenue with an estimated 47 billion euros in combined turnover. The deal, which aims for completion by early 2028 pending European Commission approval, includes plans to expand TAP's fleet to 130 aircraft by 2035, develop Porto as a secondary hub, and invest 300 million euros in a maintenance facility in Santa Maria da Feira.

Why it matters

This is a major corporate restructuring of the national carrier; while it aims to strengthen TAP's international routes and maintenance operations, any direct changes to flight availability or ticket pricing for passengers are not yet in effect.

Correio da Manhã· 3w agoRead original ↗

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