# Lufthansa Awarded Minority Stake in TAP **Category:** Companies | **Source:** Lufthansa Group / Euronews | **Published:** 2026-10-24 | **Updated:** 2026-10-28 **Tags:** Logistik News, Transport News, Fracht News, Speditions News, Supply Chain News, Zoll News, Frachtportal News, Seefracht, Luftfracht, Schienentransport, Digitalisierung > Portugal has selected Lufthansa for entry into TAP Air Portugal. The stake is intended to strengthen its position in the South Atlantic; completion is still pending. --- The Portuguese government has selected Lufthansa Group's offer for entry into TAP Air Portugal. Lufthansa initially intends to acquire a minority stake. According to the company announcement of October 14, 2026, the offer for 44.9 percent of shares amounts to 1.025 billion euros; a possible acquisition of up to 49.9 percent could cost up to 1.2 billion euros due to additional employee shares and a time-dependent ticking fee. Euronews reports, citing the Portuguese government, a somewhat different total offer of 1.201 billion euros for 44.9 percent; the Lufthansa announcement itself states 1.025 billion euros at this point – for this article, the Lufthansa company announcement is used as the primary source for the structure of their offer. Thus the selection of the buyer has been completed; execution of the purchase remains pending. According to its own statements, Lufthansa is working on final contracts with the Portuguese government and the state-owned investment company Parpublica. The transaction also requires approval from the competent authorities, including the EU Commission. Portuguese Finance Minister Joaquim Miranda Sarmento was quoted by Euronews as estimating that privatization would be completed in 18 to 24 months, thus in 2028 – this is a statement by the Portuguese government, not a firm completion deadline confirmed by Lufthansa itself. Strategically, the focus is particularly on transatlantic connections. Lufthansa cites strengthening its position in the South Atlantic market and Portugal's connections to North and Latin America as objectives. For air freight forwarders, this is of interest, but it does not yet result in additional bookable cargo space – neither the Lufthansa announcement nor Euronews reporting mentions new flights, tonnages, or a start date for expanding South America air freight. A potential benefit could emerge if aircraft, connecting flights, or cargo marketing later align better. When and how this will occur must be specifically announced later. For current shipments, therefore, the actual booking conditions remain decisive. Freight forwarders should verify the available connection, confirmed weight, and handling at the transfer point. For perishable or particularly urgent goods, it is additionally important to note how much buffer time remains between flights. Those regularly shipping to South America can incorporate this development into their long-term planning. Binding transport commitments should continue to be based on confirmed flight schedules and prices. --- What does this mean for me? For existing bookings, maintain your current freight partner and review any changes based on concrete notifications. For future quotations, inquire which connection will actually be flown and what connection time is guaranteed. Only plan new options once they are available for booking - monitor the development regularly. In short: The surcharge is in place, the purchase and concrete freight capacity expansion remain pending. --- - Lufthansa confirmed the selection of its offer on October 14, 2026 - Initially planned as a minority stake - Offer for 44.9 percent according to Lufthansa: 1.025 billion euros - Acquisition of up to 49.9 percent could cost up to 1.2 billion euros according to Lufthansa (employee shares + ticking fee) - Euronews cites a deviating figure of 1.201 billion euros for 44.9 percent citing the Portuguese government - Discrepancy with Lufthansa's own statement not resolved, Lufthansa source treated as primary - Final contracts will be finalized according to the announcement, regulatory approvals (including EU Commission) are pending - Portuguese Finance Minister names 18-24 months / 2028 to Euronews as expected completion - no fixed deadline confirmed by Lufthansa - No additional cargo tonnages or new cargo flights mentioned in either source ## Related Entities ### Countries - [Germany](https://www.freight-academy.com/en/information/land/de) - [Portugal](https://www.freight-academy.com/en/information/land/pt) - [Brazil](https://www.freight-academy.com/en/information/land/br) ### Glossary - [Freight forwarder](https://www.freight-academy.com/en/glossary/freight-forwarder) - [Transit time](https://www.freight-academy.com/en/glossary/transit-time) - [Air Cargo](https://www.freight-academy.com/en/glossary/air-cargo) - [Air Freight Forwarder](https://www.freight-academy.com/en/glossary/air-freight-forwarder) - [Airborne](https://www.freight-academy.com/en/glossary/airborne) - [appeal](https://www.freight-academy.com/en/glossary/appeal) - [Cargo Capacity](https://www.freight-academy.com/en/glossary/cargo-capacity-2) - [Minority Stake](https://www.freight-academy.com/en/glossary/minority-stake) --- *Canonical URL: [https://www.freight-academy.com/en/news/lufthansa-erhaelt-zuschlag-fuer-minderheitsanteil-an-tap-20261019064402](https://www.freight-academy.com/en/news/lufthansa-erhaelt-zuschlag-fuer-minderheitsanteil-an-tap-20261019064402)* *Markdown mirror: [https://www.freight-academy.com/api/md/news/en/lufthansa-erhaelt-zuschlag-fuer-minderheitsanteil-an-tap-20261019064402](https://www.freight-academy.com/api/md/news/en/lufthansa-erhaelt-zuschlag-fuer-minderheitsanteil-an-tap-20261019064402)*