travel
Lufthansa's TAP Air Portugal Deal: What It Means for Your Miles
Lufthansa just won the bid for a 44.9% stake in TAP Air Portugal, beating Air France-KLM with a €1.2 billion all-cash offer that values the deal 16% higher. The Portuguese government announced the choice today, October 14, 2026. The state keeps 50.1% for now, with closing expected in 2028 after EU approval.
