Following the announcement of the sale of a portion of TAP's capital to Lufthansa, the PSD party believes it can secure parliamentary support from the PS or Chega to proceed with the total privatization of the airline.
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Read today’s briefingThe government confirmed the sale of 49.9% of TAP Air Portugal to the Lufthansa Group, a deal the Minister of the Presidency calls an extraordinary operation. The government expects to recover the 3 billion euros injected into the airline and aims for a full privatization of the company by 2028.
Following the selection by the Portuguese government to acquire a 44.9% stake in TAP, Lufthansa intends to use Lisbon as its primary hub for South Atlantic long-haul flights, shifting traffic currently routed through Frankfurt, Zurich, or Munich. The proposal includes expanding TAP's fleet to 130 aircraft by 2035, integrating TAP into the Star Alliance transatlantic partnership, and investing in new maintenance facilities in Santa Maria da Feira, a tech hub in Aveiro, and a flight school in Tancos.
Industrial sectors in Portugal, such as paper and glass, are reporting that electricity and gas costs have doubled or tripled. Companies are currently trying to absorb these costs without raising final consumer prices, but are warning that they may have to slow down or halt production if the trend continues.