Lufthansa acquires 49.9% stake in TAP Air Portugal for €1.2B

Lufthansa has agreed to buy a 49.9% stake in TAP Air Portugal for €1.2 billion, outbidding Air France-KLM by 16%. The Portuguese state retains 50.1% control, marking a significant consolidation in European aviation. The deal signals Lufthansa's aggressive expansion strategy and could reshape competitive dynamics on transatlantic and African routes.