Binding offers have been submitted for a minority stake in TAP Air Portugal, proposing access to joint ventures and Star Alliance benefits.
1 report, 1 independent
Updated Aug 11
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What happened
Binding offers have been submitted for a minority stake in TAP Air Portugal, proposing access to joint ventures and Star Alliance benefits.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Lufthansa Group announced it is buying a stake in TAP Air Portugal.Sub-event
Multiple airlines submitted binding offers for a minority stake in TAP.1 source
Keep exploring
Part of
The Portuguese government announced a sovereign wealth fund and initiated the state purchase of the airline TAP.Also in this story
- Local councils in Algarve, Portugal, are managing tourist beach use, while government agencies advise on concession rules.
- The European Commission oversees the restructuring of TAP under state aid rules.
The entities involved
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TAP Air Portugal
flag-carrier airline of Portugal
Nothing else this week.
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ITA Airways
state-owned flag carrier of Italy
Nothing else this week.
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Lufthansa
Flag-carrier and largest airline of Germany