FlightGlobal
• David Kaminski-Morrow
Air France‑KLM and Lufthansa submit non‑binding bids for minority stake in TAP as IAG pulls out
Air France‑KLM and Lufthansa have each submitted non‑binding offers for a minority stake in state‑controlled TAP Air Portugal, advancing the long‑delayed privatisation process as rival IAG declines to bid. The filings leave two major European groups vying to influence TAP’s governance and network direction.
