Portugal expects to complete the sale of a minority stake in TAP Air Portugal by summer 2027. Infrastructure Minister Miguel Pinto Luz said the government is convinced the transaction will happen, with Air France-KLM or Deutsche Lufthansa AG still in contention.
The timetable narrows a process that has moved through non-binding bids and government review. Lisbon is using the sale to advance TAP’s privatization while keeping a controlling interest, and the final approval could still take another year after closing.
For European carriers, the outcome will shape Atlantic feed, slot access and alliance strategy at Lisbon.