Lufthansa wins bid for minority stake in TAP Air Portugal

Lufthansa has been selected as preferred bidder for a minority stake of up to 44.9% in TAP Air Portugal, beating Air France-KLM. The deal, pending final approval, would give Lufthansa access to TAP's strong African and South American networks, particularly Brazil. The Portuguese government's decision to privatize part of the nationalized carrier marks a shift in its post-pandemic stance.