Air France-KLM, Lufthansa submit sweetened bids for Portugal's TAP

Deutsche Lufthansa AG

30/09/2026 17:10

LISBON, Sept 30 (Reuters) - Portugal's state holding company Parpublica said on Wednesday it had received improved binding offers from Air France-KLM AIRF.PA and Lufthansa LHAG.DE for a minority stake in flag carrier TAP, ahead of the government's expected pick of a winner by mid-October.
The two airline groups were invited earlier this month to improve their offers after submitting initial binding bids in July for a 44.9% stake in TAP.
Parpublica, which did not disclose the bids, will now assess the offers and prepare a report for the government. 
Infrastructure Minister Miguel Pinto Luz has said a winner would be chosen by mid-October, to become the strategic partner of one of Europe's few remaining independent flag carriers.
     
     
     
     

(Reporting by Sergio Goncalves;)
((sergio.goncalves@thomsonreuters.com; +351213509204; Reuters Messaging: sergio.goncalves.reuters.com@reuters.net/))