As the Portuguese government intends to fast-track the sale of Tap Portugal, Lufthansa and Air France-KLM have emerged as lead contenders for the take-over. As per the sources, the government wants to complete the sale within the first half of 2023. Although the government has not yet clarified how much of the stake is up for sale, sources confirmed that the government is considering selling at least half of the airline while some officials are pursuing a full sale. TAP suffered big losses during the pandemic as passenger flights ground to a halt. It received a huge €2.65 billion in
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