Air France-KLM Bids for Nearly Half of TAP Air Portugal (en.traicy.com)

Air France-KLM submitted a final proposal to acquire up to a 49.9% stake in TAP Air Portugal, covering passenger transport, cargo, frequent-flyer programs, and maintenance operations. The plan would make Lisbon the group's sole Southern European hub, with support from Delta Air Lines and SkyTeam. The Portuguese government has yet to make a final decision.