NewzThe Portuguese government has selected the German group Lufthansa to acquire a 44.9% stake in the national airline TAP, following a competitive bidding process against Air France-KLM. The decision was announced by Prime Minister Luís Mo during an official statement in Lisbon on Wednesday, October 14.
The partial privatization transaction is structured to generate global revenues of 1,201 million euros during its initial phase. This move marks a significant milestone in the restructuring and future operations of the Portuguese carrier under the umbrella of a major European aviation group.
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