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Lufthansa to Acquire Stake in TAP Air Portugal

October 17, 2026

2 min read

Key Takeaways

Lufthansa to transfer up to eight A350-900s to TAP after 2030.
TAP aims to grow fleet to 117 aircraft by 2035.
Lufthansa to acquire 44.9% stake in TAP for EUR1.025 billion.

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Strategic Implications

This acquisition may signal Lufthansa's expansion into the South Atlantic market, potentially increasing its market share to 20%. The deal could also indicate a shift in Lufthansa's strategy towards international growth and reducing reliance on German production.

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What Happened

German Carrier Expands European Network Through Strategic Acquisition

Lufthansa Group plans to transfer up to eight A350-900s to TAP Air Portugal after 2030 as part of its proposed acquisition of up to 49.9% of the Portuguese flag carrier. TAP aims to grow its fleet to 117 aircraft by 2035, requiring an estimated EUR3-4 billion in fleet investment. The deal involves Lufthansa Group acquiring an initial 44.9% stake for EUR1.025 billion, potentially rising to 49.9% for up to EUR1.2 billion. This was confirmed by the Portuguese government when it announced Lufthansa Group’s selection as TAP’s strategic partner, as reported by ch-aviation.

Source | Originally Published: October 15, 2026

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