Lufthansa Group has declined to comment on reports that it is seeking to acquire a 19.9% stake valued between EUR180 million and EUR200 million euros (USD199-221 million) in TAP Air Portugal (TP, Lisbon) as part of the Portuguese flag carrier’s privatisation process.

“We do not comment on these media reports,” a Lufthansa Group spokesman informed ch-aviation.

A report in Italy’s Corriere della Sera newspaper claimed that the alleged offer is expected to conclude “no earlier than the first quarter of 2025”. It said that…

Source: ch aviation
Read more: Lufthansa Group eyes 19.9% stake in TAP – reports