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Lufthansa buys parts of air line TAP

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Lufthansa buys a part of TAP. TAP is an air line from Portugal. Lufthansa pays 1.2 billion euro for it. Lufthansa gets almost 45 percent of the firm. Portugal keeps the rest of the shares.

Lufthansa wins against another firm. That is the firm Air France-KLM. Lufthansa pays the money at once. The government of Portugal likes that. But the talks take long. Everything is ready in the year 2028.

Lufthansa wants to offer more flights to Brazil. TAP flies often to South America. That is good for business. In Portugal Lufthansa builds a shop for planes too. There start 700 new jobs.

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Definitions

Air line
An air line is a firm. This firm owns planes. It brings people or goods with a plane to other places.
Part sale
Part sale means: The state sells a part of a firm to a private person or to another firm.
Hub
A hub is a very big airport. Many planes land there. People change planes there often.

People

Luis Montenegro
Luis Montenegro is an important politician from Portugal. He is the head of the government there. He leads the government of Portugal.
Carsten Spohr
Carsten Spohr is a manager from Germany. He is the chief of the firm Lufthansa.

Locations

Portugal
Portugal is a land in the south of Europe. The capital of Portugal is Lisbon.
Brazil
Brazil is a very big land in South America. People speak Portuguese in Brazil.

Sources

Logo Die Presse
Die Presse

AUA-Mutter Lufthansa gewinnt Bieterrennen um Portugals Airline TAP

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Logo ORF
ORF

AUA-Mutter Lufthansa gewann Bieterrennen um Airline TAP

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Logo 20 Min
20 Min

Lufthansa kauft sich bei der portugiesischen Airline TAP ein: Das sind die Details

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Logo Standard
Standard

AUA-Mutter Lufthansa kann bei Portugals Airline Tap einsteigen

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Südtirol News

Lufthansa gewinnt Bieterrennen um Portugals Airline TAP

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Logo FAZ
FAZ

Business-Liveticker: Lufthansa gewinnt Bieterrennen um Airline TAP | FAZ

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Logo Spiegel
Spiegel

Lufthansa gewinnt Bieterrennen um portugiesische TAP

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Logo SRF
SRF

Lufthansa gewinnt Bieterrennen um Portugals Fluggesellschaft TAP

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Logo Kurier
Kurier

Milliardendeal: Lufthansa geht bei TAP an Bord

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Logo FAZ
FAZ

Lufthansa übernimmt TAP: Ein Meilenstein zum 100. Geburtstag

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