What Happened
Portuguese Carrier Faces Uncertain Future Amid Bidding War
TAP Air Portugal has reported expanded losses ahead of its planned sale, with either Air France-KLM or Lufthansa Group set to become the new owner. The sale is expected to conclude soon, marking a significant development in the European airline market. The Portuguese carrier’s financial struggles have been ongoing, and the sale is seen as a crucial step in securing its future. This development was reported by flightglobal.com.