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Air France-KLM and Lufthansa have submitted final bids for 44.9% of Portugal’s flag carrier, putting one of Europe’s most strategic airline assets into the last stage of privatization.
Air France-KLM and Lufthansa submitted their final bids on Wednesday to buy a 44.9% stake in TAP, closing the bidding phase and leaving the decision to the government.View on euronews
Air France-KLM (ENXTPA:AF) is back in focus after Air France detailed plans to move all New York JFK flights to the new Terminal One and to open its largest international lounge. Despite the New York JFK upgrade and recent comments from CEO Ben Smith on fuel costs and route mix, Air France-KLM’s share price has drifted, with a 30-day share price return of down 2.7% and a 1-year total shareholder return of down 3.6%. This suggests fading momentum rather than renewed enthusiasm. Spot...
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