Quantcast

Air France-KLM confirms bid for TAP Air Portugal amid European interest

Delta, American Dive On Slashed Outlooks; But Two Airlines Rally
Competitors are circling Southwest after the airline announced it's going to start charging for checked bags
Exclusive: Dominican Low-Cost Carrier Arajet Wants to Disrupt NYC Market
Boeing deliveries rise 63% in February from a year earlier
Transportation Secretary Duffy Lays Out 10 Ways the FAA Is Working to Upgrade Air Traffic Control and Make Flying Safer
EasyJet pilot Paul Elsworth suspended after flying too close to mountain
Delta Air Lines bets on ‘blended-wing’ flight to reduce emissions
Europe's airlines pivot to bite size M&A deals to limit cost, regulatory burden
Dave Emerson named new CEO of Virgin Australia, replacing Jayne Hrdlicka
Ryanair DELAYS controversial new boarding pass rule to avoid summer chaos
FAA Orders Inspection, Replacement of 737NG Engine Parts
Spirit Adds New Airport, Three Routes
Delta crash passengers should take the $30,000 payment, their lawyers say. Here’s why.
Budget airline launches new cheap flights to one of the UK’s top winter sun destinations
Brazilian airline Azul to go 'back to basics' after challenging 2024
Airlines cancel flights as air travel to ‘grind to complete halt’ this week ahead of major strike action in Europe
Dramatic moment American Airlines plane diverted to Rome is escorted by fighter jets after mid-air bomb threat
Jetstar Faces Major Backlash as Nationwide System Outage Causes Travel Chaos, Stranding Passengers and Disrupting Flights Across the Australian Airline Industry
Sudden oil supply outages creating turbulence for airline industry
Southwest's layoffs dent its worker-first culture
Abu Dhabi's long-haul carrier Etihad Airways sees record $476 million profit in 2024
Jet2 warns of profits squeeze from rising costs and late bookings
Southwest bends further to activist shareholder Elliott's demands
Downgraded on a flight? Take these simple but important steps to get your money back
Delta Offers Over $2 Million to CRJ Crash Passengers
Boeing Delays Continue for Alaska, Hawaiian
Hong Kong Airlines launches daily Sydney flights
Airline to launch new bunk beds in economy on long-haul flights next year
How Airline Employees Are Coping After Deadly Washington Crash
Major airline reverses in-flight menu change amid outcry
Air France-KLM confirms bid for TAP Air Portugal amid European interest
Policy
Webp ap
TAP Air Portugal | Wikipedia

Air France-KLM has confirmed its intention to bid for a stake in TAP Air Portugal, the nation's flag carrier. This development arises amid interest from several European airlines in acquiring TAP Air Portugal, as Portugal's center-right government moves towards privatization.

Air France-KLM CEO Ben Smith said in a statement seen by Bloomberg, "Air France-KLM stands ready to present its candidacy as part of the TAP privatization process. " The Portuguese government is considering selling at least 49% of TAP Air Portugal.

Smith emphasized the significance of TAP, stating that it is "an emblematic company which has built a powerful hub in Lisbon that is open to the world. " Air France-KLM is open to acquiring either a majority or minority stake.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

According to Bloomberg, if acquired, Air France-KLM intends to maintain TAP Air Portugal's brand, image, and fleet per conditions set by the Portuguese government. The group also aims to boost connectivity within Portugal, including secondary cities.

TAP Air Portugal plays a crucial role in connecting Southern Europe with South America, especially Brazil. It also serves destinations in North America, Africa, and other parts of Europe. By acquiring a majority stake, Air France- KLM would enhance its competitiveness in the transatlantic market connecting Europe with South America.

Currently, TAP operates a fleet of 81 aircraft with an average age of 12.1 years.

Lufthansa Group has also expressed interest in TAP following its acquisition of ITA Airways in June. Lufthansa is considering purchasing a 19.9% stake due to EU antitrust regulations.

International Airlines Group (IAG), which owns British Airways and Iberia among others, has communicated its interest in acquiring a majority stake as well. IAG director Jonathan Sullivan remarked during a meeting with Portuguese journalists in Dublin:

"Over time we would like to have a path towards a majority [position] because it would give the business the possibility to grow without the investment of other shareholders. "

This comes after IAG abandoned plans to purchase Spain’s Air Europa due to regulatory challenges but remains committed with its existing 20% stake bought in August 2022.

Organizations Included in this History
More News

With the commencement of the 2025 summer flight schedule, ITA Airways has seamlessly integrated into the Lufthansa Group terminals in Frankfurt and Munich.

Mar 30, 2025

Air China is set to resume its Toronto flights after a 33-year hiatus.

Mar 29, 2025

United Airlines has confirmed that a Boeing 767-300ER, which departed from London on March 26, returned to London Heathrow after experiencing mechanical problems.

Mar 29, 2025

American Airlines has introduced new routes to Punta Cana, the Dominican Republic, following its "March Map-Ness" contest.

Mar 29, 2025

A Delta Air Lines Airbus A321neo is back in operation after being grounded due to smoke detected in its cabin.

Mar 29, 2025

The Southern Museum of Flight in Birmingham, Alabama, presents an extensive collection of over 120 aircraft, showcasing a range of experimental, military, and general aviation aircraft.

Mar 29, 2025