Lufthansa Plans 19.9% Stake in TAP Air Portugal

The Lufthansa Group is planning to acquire a 19.9% stake in TAP Air Portugal, a fellow Star Alliance member. This strategic move is part of TAP's privatization efforts. By keeping the stake below 20%, Lufthansa aims to avoid the need for European Commission approval. Lufthansa CEO Carsten Spohr is scheduled to meet with Portuguese government officials to discuss the potential investment in the state-owned airline.