Air France-KLM Submits Bid for Minority Stake in Portugal's TAP

Dow Jones04-02

By Cristina Gallardo

Air France-KLM said it submitted a non-binding offer for a minority stake in Portugal's state-owned airline TAP Air Portugal.

The French-Dutch carrier group said Thursday that in case of being successful, TAP's Lisbon hub would become its base in Southern Europe, offering extensive connectivity options with America and Africa. That would include Brazil, which is a key market for Air France-KLM, it said.

End of Thursday marks the deadline set by the Portuguese government for submitting offers. In July, Portugal outlined its intention to sell a 49.9% stake in its national carrier, with 44.9% being reserved for private investors.

"TAP fits naturally into Air France-KLM's multi-hub strategy, and our ambition is to strengthen operations in Lisbon while developing connections from other cities in the country, particularly Porto," said Air France-KLM Chief Executive Benjamin Smith.

In previous months, Deutsche Lufthansa and International Consolidated Airlines Group--which houses British Airways and Iberia, among others--expressed interest in bidding for a stake in TAP.

Lufthansa declined to comment. IAG didn't reply to a request for comment.

Write to Cristina Gallardo at cristina.gallardo@wsj.com

(END) Dow Jones Newswires

April 02, 2026 08:54 ET (12:54 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2624250135?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-02 20:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2624250135","market":"sh","top_or_hot":-1,"title":"Air France-KLM Submits Bid for Minority Stake in Portugal's TAP","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Cristina Gallardo \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Air France-KLM said it submitted a non-binding offer for a minority stake in Portugal's state-owned airline <a href=\"https://laohu8.com/S/TAP.SI\">TAP</a> Air Portugal. \n</p>\n<p>\n  The French-Dutch carrier group said Thursday that in case of being successful, TAP's Lisbon hub would become its base in Southern Europe, offering extensive connectivity options with America and Africa. That would include Brazil, which is a key market for Air France-KLM, it said. \n</p>\n<p>\n  End of Thursday marks the deadline set by the Portuguese government for submitting offers. In July, Portugal outlined its intention to sell a 49.9% stake in its national carrier, with 44.9% being reserved for private investors. \n</p>\n<p>\n  \"TAP fits naturally into Air France-KLM's multi-hub strategy, and our ambition is to strengthen operations in Lisbon while developing connections from other cities in the country, particularly Porto,\" said Air France-KLM Chief Executive Benjamin Smith. \n</p>\n<p>\n  In previous months, Deutsche Lufthansa and International Consolidated Airlines Group--which houses British Airways and Iberia, among others--expressed interest in bidding for a stake in TAP. \n</p>\n<p>\n  Lufthansa declined to comment. IAG didn't reply to a request for comment. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Cristina Gallardo at cristina.gallardo@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2026 08:54 ET (12:54 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Air France-KLM Submits Bid for Minority Stake in Portugal's TAP</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAir France-KLM Submits Bid for Minority Stake in Portugal's TAP\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-02 20:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Cristina Gallardo \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Air France-KLM said it submitted a non-binding offer for a minority stake in Portugal's state-owned airline <a href=\"https://laohu8.com/S/TAP.SI\">TAP</a> Air Portugal. \n</p>\n<p>\n  The French-Dutch carrier group said Thursday that in case of being successful, TAP's Lisbon hub would become its base in Southern Europe, offering extensive connectivity options with America and Africa. That would include Brazil, which is a key market for Air France-KLM, it said. \n</p>\n<p>\n  End of Thursday marks the deadline set by the Portuguese government for submitting offers. In July, Portugal outlined its intention to sell a 49.9% stake in its national carrier, with 44.9% being reserved for private investors. \n</p>\n<p>\n  \"TAP fits naturally into Air France-KLM's multi-hub strategy, and our ambition is to strengthen operations in Lisbon while developing connections from other cities in the country, particularly Porto,\" said Air France-KLM Chief Executive Benjamin Smith. \n</p>\n<p>\n  In previous months, Deutsche Lufthansa and International Consolidated Airlines Group--which houses British Airways and Iberia, among others--expressed interest in bidding for a stake in TAP. \n</p>\n<p>\n  Lufthansa declined to comment. IAG didn't reply to a request for comment. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Cristina Gallardo at cristina.gallardo@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2026 08:54 ET (12:54 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ICAGY","symbol_name":"International Consolidated Airlines Group SA","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2624250135","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624250135","pubTimestamp":1775134440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Air France-KLM said it submitted a non-binding offer for a minority stake in Portugal's state-owned airline TAP Air Portugal.The French-Dutch carrier group said Thursday that in case of being successful, TAP's Lisbon hub would become its base in Southern Europe, offering extensive connectivity options with America and Africa. That would include Brazil, which is a key market for Air France-KLM, it said.End of Thursday marks the deadline set by the Portuguese government for submitting offers. In July, Portugal outlined its intention to sell a 49.9% stake in its national carrier, with 44.9% being reserved for private investors.\"TAP fits naturally into Air France-KLM's multi-hub strategy, and our ambition is to strengthen operations in Lisbon while developing connections from other cities in the country, particularly Porto,\" said Air France-KLM Chief Executive Benjamin Smith.In previous months, Deutsche Lufthansa and International Consolidated Airlines Group--which houses British Airways a","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ICAGY":"International Consolidated Airlines Group SA","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","TAP":"莫库酒业","IE00B3T34201.USD":"BNY MELLON GLOBAL EQUITY INCOME \"B\" (USD) INC","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","DLAKY":"Deutsche Lufthansa AG","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","BK4008":"航空公司","BK4158":"啤酒酿造商","AFLYY":"Air France-KLM","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","BK4585":"ETF&股票定投概念","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","BK4588":"碎股"},"translate_title":"法航荷航提交竞购葡萄牙TAP少数股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ICAGY":0.9,"AFLYY":0.9,"TAP":1.5,"DLAKY":0.9},"content_text":"By Cristina Gallardo \n\n\n \n\n\n  Air France-KLM said it submitted a non-binding offer for a minority stake in Portugal's state-owned airline TAP Air Portugal. \n\n\n  The French-Dutch carrier group said Thursday that in case of being successful, TAP's Lisbon hub would become its base in Southern Europe, offering extensive connectivity options with America and Africa. That would include Brazil, which is a key market for Air France-KLM, it said. \n\n\n  End of Thursday marks the deadline set by the Portuguese government for submitting offers. In July, Portugal outlined its intention to sell a 49.9% stake in its national carrier, with 44.9% being reserved for private investors. \n\n\n  \"TAP fits naturally into Air France-KLM's multi-hub strategy, and our ambition is to strengthen operations in Lisbon while developing connections from other cities in the country, particularly Porto,\" said Air France-KLM Chief Executive Benjamin Smith. \n\n\n  In previous months, Deutsche Lufthansa and International Consolidated Airlines Group--which houses British Airways and Iberia, among others--expressed interest in bidding for a stake in TAP. \n\n\n  Lufthansa declined to comment. IAG didn't reply to a request for comment. \n\n\n \n\n\n  Write to Cristina Gallardo at cristina.gallardo@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 02, 2026 08:54 ET (12:54 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.39.0","shortVersion":"4.39.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2624250135","isCrawlerRequest":true}