Sale of TAP. Government promises to be a "loyal and demanding" partner

The Portuguese government has signed an agreement to sell 49.9% of TAP to Lufthansa, marking a significant partnership. Prime Minister Luís Montenegro emphasized the importance of leveraging TAP's connections for economic growth. Lufthansa's CEO, Carsten Spohr, described the deal as a special moment, highlighting opportunities in new markets like Africa and South America. The agreement includes commitments for investment and fleet expansion, with TAP's fleet expected to grow significantly by 2035. The deal awaits regulatory approval from the European Commission, with integration expected to take 12 to 18 months after approval.