Public manager. Government approves exceptional regime for TAP

A TAP signed a contract with Lufthansa for a potential 49.9% stake, pending EU approval. The Portuguese government has enacted a special regime for TAP, maintaining its public status for now. The new law aims to streamline management and governance, easing previous restrictions. Lufthansa's CEO emphasized growth rather than cost-cutting, highlighting TAP's strong brand and operational success. The deal, valued at €1.025 billion, could rise to €1.2 billion if all employee shares are acquired. The Prime Minister expressed confidence in the partnership, asserting the state's commitment to being a demanding yet loyal partner.