The trumps that gave Lufthansa the victory in the race for TAP

Lufthansa has been selected to purchase TAP in a two-phase process, with the first phase seeing the German airline pay 1.025 billion euros for a 44.99% stake, potentially rising to 1.201 billion if workers do not subscribe to their 5% tranche. A second phase, following the 2028 closing of the first, involves purchasing the remaining 50.1% for 863 million euros in cash plus 488 million euros in Lufthansa shares, bringing the total potential state return to roughly 2.55 billion euros. Additionally, the proposal includes a 500 million euro investment for a pilot school in Tancos, which may also support civil flights.